Centuri Holdings, Inc.·4

May 20, 6:29 PM ET

Dill Julie 4

Research Summary

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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.