Dill Julie 4
4 · Centuri Holdings, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Centuri (CTRI) Director Julie Dill Converts RSUs, Receives New RSUs
What Happened
Julie Dill, a director of Centuri Holdings, had 7,338 restricted stock units (RSUs) that vested and were settled into 7,338 shares on May 18, 2026 (reported as exercise/conversion of a derivative). No cash was paid or received in the transaction (report shows $0.00). The next day, May 19, 2026, she was granted 4,067 new RSUs under the company’s Omnibus Incentive Plan (also reported at $0.00).
Key Details
- Transactions reported: May 18, 2026 — settlement/conversion of 7,338 RSUs into 7,338 common shares (reported $0.00); May 19, 2026 — grant of 4,067 RSUs (reported $0.00).
- Footnote F1: The 7,338 RSUs were originally granted April 16, 2025 and vested in full on May 18, 2026; shares were delivered one-for-one on settlement.
- Footnote F2: The 4,067 RSUs were newly granted on May 19, 2026 and will be settled one-for-one in shares when vested.
- No open-market sale or cash purchase reported — this was an RSU settlement and a subsequent award, not a market trade.
- Shares owned after the transactions are not specified in the Form 4.
- Filing date: May 20, 2026 (filed promptly after the May 18 transaction).
Context
RSU settlement means the derivative awards converted to actual shares (economic equivalent of one share per RSU). This is a routine compensation event (vesting and new grant) rather than a buy or sell in the open market, so it should not be interpreted as an open‑market bullish or bearish trade by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-18+7,338→ 20,242 total - Award
Common Stock
[F2]2026-05-19+4,067→ 24,309 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-05-18−7,338→ 0 total→ Common Stock (7,338 underlying)
Footnotes (2)
- [F1]On April 16, 2025, the Reporting Person was granted 7,338 restricted stock units ("RSUs") pursuant to the Omnibus Incentive Plan (the "Plan") of Centuri Holdings, Inc. (the "Issuer"), which vested in full on May 18, 2026 (the "2025 RSU Grant"). Each RSU subject to the 2025 RSU Grant is the economic equivalent of one share of the Issuer's common stock. Pursuant to the applicable RSU award agreement by and between the Issuer and the Reporting Person, shares of the Issuer's common stock were delivered on a one-for-one basis upon the settlement of the 2025 RSU Grant.
- [F2](2) Represents the grant of RSUs pursuant to the Plan on May 19, 2026 (the "2026 RSU Grant"). Each RSU subject to the 2026 RSU Grant is the economic equivalent of one share of the Issuer's common stock and will be settled by delivery of one share of the Issuer's common stock.