James W. Connell Jr. - 30 Jan 2026 Form 4 Insider Report for Centuri Holdings, Inc. (CTRI)

Role
The Reporting Person's full title is "Chief Commercial and Strategy Officer"
Signature
/s/ Jason S. Wilcock, as attorney-in-fact for James W. Connell, Jr.
Issuer symbol
CTRI
Transactions as of
30 Jan 2026
Net transactions value
-$146,942
Form type
4
Filing time
03 Feb 2026, 19:39:54 UTC
Previous filing
14 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Connell James W. Jr. The Reporting Person's full title is "Chief Commercial and Strategy Officer" 19820 NORTH 7TH AVENUE, SUITE 120, PHOENIX /s/ Jason S. Wilcock, as attorney-in-fact for James W. Connell, Jr. 03 Feb 2026 0002016584

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTRI Common Stock Options Exercise +19,011 +78% 43,471 30 Jan 2026 Direct F1, F2
transaction CTRI Common Stock Tax liability $146,942 -5,280 -12% $27.83 38,191 30 Jan 2026 Direct F3

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 Options Exercise $0 -19,011 -62% $0.000000 11,791 30 Jan 2026 Common Stock 19,011 Direct F1, F2, F4
transaction CTRI Restricted Stock Units Disposed to Issuer $0 -11,791 -100% $0.000000 0 31 Jan 2026 Common Stock 11,791 Direct F1, F5
transaction CTRI Performance Stock Units Disposed to Issuer $0 -17,687 -100% $0.000000 0 31 Jan 2026 Common Stock 17,687 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James W. Connell Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") is the economic equivalent of one share of the Centuri Holdings, Inc.'s (the "Issuer") common stock.
F2 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 RSUs.
F3 Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. This is not an open market sale of securities.
F4 On July 30, 2024, the Reporting Person was granted 19,011 RSUs, which vested in full on January 30, 2026.
F5 On February 25, 2025, the Reporting Person was granted 11,791 RSUs, which were to vest ratably over three years, with one-third of the RSUs to vest on each of the first three anniversaries of the date of grant. A total of 11,791 RSUs were forfeited in connection with the Reporting Person's resignation from the Issuer on January 31, 2026.
F6 Each performance stock unit ("PSU") is the economic equivalent of one share of the Issuer's common stock.
F7 On February 25, 2025, the Reporting Person was granted 17,687 PSUs, which were eligible to be earned by the Reporting Person based on the achievement of certain performance metrics, as set forth in the applicable PSU award agreement by and between the Issuer and the Reporting Person, over a one-year initial performance period from January 1, 2025 to December 31, 2025 and a subsequent two-year performance period from January 1, 2026 to December 31, 2027 (collectively, the "Performance Period"). Earned shares would have vested after the Performance Period. A total of 17,687 PSUs were forfeited in connection with the Reporting Person's resignation from the Issuer on January 31, 2026.

Remarks:

The Reporting Person's full title is "Chief Commercial and Strategy Officer"