Kendra Chilton - Feb 25, 2025 Form 4/A - Amendment Insider Report for Centuri Holdings, Inc. (CTRI)

Role: SVP, Chief Accounting Officer
Signature: /s/ Stan Yao, as attorney-in-fact for Kendra Chilton
Stock symbol: CTRI
Transactions as of: Feb 25, 2025
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 3/11/2025, 07:15 PM
Date Of Original Report: Feb 27, 2025
Previous filing: Feb 19, 2025
Next filing: May 14, 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	+4.16K	+33.87%	$0.00	16.5K	Feb 25, 2025	Common Stock	4.16K		Direct	F1, F2, F3
transaction	CTRI	Performance Stock Units	Award	$0	+6.25K		$0.00	6.25K	Feb 25, 2025	Common Stock	6.25K		Direct	F2, F4, F5

* 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 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	This Form 4/A is being filed to amend the Form 4 filed by the Reporting Person on February 27, 2025, solely to correct a clerical error in the number of RSUs and PSUs (as defined below) previously reported for each of the acquisitions reported on Table II therein. This Form 4/A does not report any new transactions or otherwise modify any other transaction details that were previously reported.
F3	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.
F4	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.
F5	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 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.