Evans Andrew W 4

4 · Centuri Holdings, Inc. · Filed May 20, 2026

AI-generated summary of this filing

Updated May 20, 2026

Centuri (CTRI) Director Andrew W. Evans Receives RSU Settlement & New Grant

What Happened

Andrew W. Evans, a director of Centuri Holdings, Inc. (CTRI), had 7,338 restricted stock units (RSUs) from a 2025 grant vest and be settled into common shares on May 18, 2026. The Form 4 records the conversion/settlement of those derivative awards (transaction code M). The filing also reports a new RSU grant of 4,067 shares on May 19, 2026 (transaction code A). All awards show $0.00 as the price, indicating these were compensation awards rather than open-market purchases or sales.

Key Details

Transaction dates and types:
- May 18, 2026 — Exercise/conversion/settlement of 7,338 RSUs (reported as both an acquisition via conversion and a related derivative disposition) at $0.00.
- May 19, 2026 — Grant of 4,067 RSUs at $0.00.
Footnotes:
- F1: The 7,338 RSUs were originally granted April 16, 2025 and vested in full May 18, 2026; shares were delivered one-for-one upon settlement.
- F2: The 4,067 RSUs are a new grant (will settle in shares one-for-one).
Shares owned after the transactions are not specified in the provided excerpt of the filing.
Filing timeliness: Reported on a Form 4 filed May 20, 2026 for May 18/19 transactions — appears to be filed within the typical two-business-day window.

Context

These transactions reflect compensation-related RSU vesting and a subsequent RSU grant, not an open-market buy or sell. The derivative conversion/settlement simply turned vested RSUs into shares; there is no cash purchase or proceeds reported here. Such awards are routine insider compensation and do not, by themselves, indicate a buy/sell signal.

Form 4

Period: 2026-05-18

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-18+7,338→ 14,242 total
Award
Common Stock
[F2]
2026-05-19+4,067→ 18,309 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]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.

Signature

/s/ Jason S. Wilcock, as attorney-in-fact for Andrew W. Evans|2026-05-20

1 file