Evans Andrew W 4

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.