Christian Brown - 03 Dec 2024 Form 4 Insider Report for Centuri Holdings, Inc. (CTRI)

Role: Chief Executive Officer
Signature: /s/ Jason S. Wilcock, as attorney-in-fact for Christian Brown
Issuer symbol: CTRI
Transactions as of: 03 Dec 2024
Net transactions value: $0
Form type: 4
Filing time: 05 Dec 2024, 17:15:05 UTC
Next filing: 27 Feb 2025
SEC: View on sec.gov

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	+72,992		$0.000000	72,992	03 Dec 2024	Common Stock	72,992		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the grant of restricted stock units ("RSUs") in connection with the Reporting Person's appointment as Chief Executive Officer, effective December 3, 2024. 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 circumstances, may be settled in cash.
F2	40% of the RSUs will vest on December 3, 2025, and 30% of the RSUs will vest on each of December 3, 2026 and December 3, 2027, in each case subject to the Reporting Person's continued services through the vesting dates pursuant to that certain offer letter, dated November 4, 2024, by and between the Issuer and the Reporting Person and the applicable award agreement and other terms and conditions set forth therein.

Content

Represents the grant of restricted stock units ("RSUs") in connection with the Reporting Person's appointment as Chief Executive Officer, effective December 3, 2024. 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 circumstances, may be settled in cash.

40% of the RSUs will vest on December 3, 2025, and 30% of the RSUs will vest on each of December 3, 2026 and December 3, 2027, in each case subject to the Reporting Person's continued services through the vesting dates pursuant to that certain offer letter, dated November 4, 2024, by and between the Issuer and the Reporting Person and the applicable award agreement and other terms and conditions set forth therein.