William Fehrman - Apr 22, 2024 Form 4 Insider Report for Centuri Holdings, Inc. (CTRI)

Role
Chief Executive Officer, Director
Signature
/s/ Jason S. Wilcock, as attorney-in-fact for William J. Fehrman
Stock symbol
CTRI
Transactions as of
Apr 22, 2024
Transactions value $
$525,000
Form type
4
Date filed
4/22/2024, 04:50 PM
Previous filing
Apr 17, 2024
Next filing
Aug 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRI Common Stock Purchase $525K +25K $21.00* 25K Apr 22, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CTRI Restricted Stock Units Award $0 +190K $0.00 190K Apr 22, 2024 Common Stock 190K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired pursuant to a reserved share program in connection with the Issuer's initial public offering.
F2 Represents the grant of restricted stock units ("RSUs") in connection with the Issuer's initial public offering pursuant to the terms of that certain Award Agreement for Time-Lapse RSUs (the "Agreement"), dated as of April 22, 2024, by and between the Issuer and the Reporting Person. Each RSU is the economic equivalent of one share of the Issuer's common stock and may be settled by delivery of an equal number of shares of the Issuer's common stock or, in certain cases as set forth in the Agreement, may be settled in cash.
F3 40% of the RSUs will vest on January 12, 2025, and 30% of the RSUs will vest on each of January 12, 2026 and January 12, 2027.