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

Reporting relationship: The Reporting Person's full title is "Chief Commercial and Strategy Officer"
Issuer ticker: CTRI
Reported as of: 30 Jan 2026
Net transaction value: -$146,942
SEC form: 4
Accepted by SEC: 03 Feb 2026, 19:39:54 UTC
Prior SEC filing: 14 May 2025
Source filing: View source filing
Reporting owner signature: /s/ Jason S. Wilcock, as attorney-in-fact for James W. Connell, Jr.

Key filing fact

James W. Connell Jr. filed Form 4 for Centuri Holdings, Inc. (CTRI) on 03 Feb 2026.

Key facts

This page summarizes James W. Connell Jr.'s Form 4 filing for Centuri Holdings, Inc. (CTRI).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 03 Feb 2026, 19:39.

Change

Previous filing in this sequence was filed on 14 May 2025.
Current net transaction value: -$146,942.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002016584 Primary reporting owner

Connell James W. Jr.

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CTRI transaction

Common Stock

Options Exercise

Transaction value
Shares: +19,011
Change %: +78%
Price
Shares after: 43,471
Date: 30 Jan 2026
Ownership: Direct
Footnotes: F1, F2

CTRI transaction

Common Stock

Tax liability

Transaction value: $146,942
Shares: -5,280
Change %: -12%
Price: $27.83
Shares after: 38,191
Date: 30 Jan 2026
Ownership: Direct
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CTRI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -19,011
Change %: -62%
Price: $0.000000
Shares after: 11,791
Date: 30 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 19,011
Exercise price
Footnotes: F1, F2, F4

CTRI transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -11,791
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 31 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,791
Exercise price
Footnotes: F1, F5

CTRI transaction Derivative

Performance Stock Units

Disposed to Issuer

Transaction value: $0
Shares: -17,687
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 31 Jan 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 17,687
Exercise price
Footnotes: F6, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

James W. Connell Jr. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 7 footnotes

Footnote F1

Each restricted stock unit ("RSU") is the economic equivalent of one share of the Centuri Holdings, Inc.'s (the "Issuer") common stock.

Footnote 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.

Footnote 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.

Footnote F4

On July 30, 2024, the Reporting Person was granted 19,011 RSUs, which vested in full on January 30, 2026.

Footnote 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.

Footnote F6

Each performance stock unit ("PSU") is the economic equivalent of one share of the Issuer's common stock.

Footnote 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.

SEC remarks

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