Chilton Kendra 4

What Happened

• Kendra Chilton, Senior Vice President and Chief Accounting Officer of Centuri Holdings (CTRI), received equity awards on February 17, 2026. She was granted 3,114 restricted stock units (RSUs) and had 2,186 performance-based units converted/credited as RSUs after the board certified 2025 performance at 105.1%. All items show $0 cash exchanged (awards/settlements, not open-market trades).

Key Details

• Transaction date: February 17, 2026; Form 4 filed Feb 19, 2026 (timely).
• Grants/conversions reported as: A (award) 3,114 RSUs @ $0.00; M (conversion of derivative) 2,186 RSUs acquired (reported as conversion of the prior performance award).
• Total reported beneficial position after these entries: 20,422 shares/RSU equivalents (includes 3,717 shares of common stock, 11,405 previously reported RSUs, the 3,114 new RSUs, and the 2,186 performance-earned RSUs).
• Vesting/settlement: The 2026 RSU grant and prior RSU grants may be settled by delivery of common stock. The 2,186 earned RSUs (from the 2025 performance award) vest based on continued service through the later of Feb 25, 2028 or the board’s certification of the second performance period (per footnotes).
• No cash proceeds or open-market sale — these were awards/conversions, not purchases or sales.

Context

• The 2,186 units came from conversion of a 2025 performance stock award after the board certified achievement at 105.1% of target; they are earned but subject to future vesting conditions (not immediately liquid). Awards and performance-based conversions are common compensation events and do not themselves indicate buying or selling intent.