Christian Brown - Feb 25, 2025 Form 4 Insider Report for Centuri Holdings, Inc. (CTRI)

Role: Chief Executive Officer, Director
Signature: /s/ Jason S. Wilcock, as attorney-in-fact for Christian Brown
Stock symbol: CTRI
Transactions as of: Feb 25, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/27/2025, 06:17 PM
Previous filing: Dec 5, 2024
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	+59.8K	+81.94%	$0.00	133K	Feb 25, 2025	Common Stock	59.8K		Direct	F1, F2
transaction	CTRI	Performance Stock Units	Award	$0	+89.7K		$0.00	89.7K	Feb 25, 2025	Common Stock	89.7K		Direct	F3, F4

* 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") pursuant to the Issuer's Omnibus Incentive Plan (the "Plan"). Each RSU is the economic equivalent of one share of the Issuer's common stock and may be settled by delivery of one share of the Issuer's common stock or, in certain cases as set forth in the applicable RSU award agreement by and between the Issuer and the Reporting Person, may be settled in cash.
F2	The RSUs will 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.
F3	Represents the grant of performance stock units ("PSUs") pursuant to the Plan. Each PSU is the economic equivalent of one share of the Issuer's common stock and may be settled by delivery of one share of the Issuer's common stock or, in certain cases as set forth in the applicable PSU award agreement by and between the Issuer and the Reporting Person (the "PSU Award Agreement"), may be settled in cash.
F4	The PSUs will be eligible to be earned by the Reporting Person based on the achievement of certain performance metrics, as set forth in the PSU Award Agreement, 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"). The number of PSUs indicated reflects the "target" number of PSUs granted to the Reporting Person and the number of PSUs earned could range from 50% to 200% of such target number. Earned shares will vest after the Performance Period.