Jeffrey S. Thiede - Feb 20, 2025 Form 4 Insider Report for Everus Construction Group, Inc. (ECG)

Signature
/s/ Paul R. Sanderson, Attorney-in-Fact
Stock symbol
ECG
Transactions as of
Feb 20, 2025
Transactions value $
-$390,703
Form type
4
Date filed
2/24/2025, 07:49 PM
Previous filing
Oct 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ECG Common Stock Award $0 +16.3K +14.91% $0.00 126K Feb 20, 2025 Direct F1, F2
transaction ECG Common Stock Tax liability -$391K -8.4K -6.67% $46.54 117K Feb 20, 2025 Direct F3
holding ECG Common Stock - 401(k) 2.2K Feb 20, 2025 By Trustee F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (RSUs) that vest in three equal annual installments beginning on February 20, 2026, provided the reporting person remains continuously employed by the issuer through the applicable vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock.
F2 Includes (i) 32,926 shares of common stock that were received by the reporting person in connection with the separation and distribution transaction that became effective on October 31, 2024, pursuant to which the issuer was spun-off from its former parent company, MDU Resources Group, Inc. (MDU Resources), and MDU Resources' stockholders, including the reporting person, received 1 share of the issuer's common stock for every 4 shares of MDU Resources common held as of such time, subject to the payment of cash in lieu of fractional shares of the issuer's common stock, and (ii) 21,199 RSUs that vested on December 31, 2024; 25,047 RSUs that vest on December 31, 2025; and 30,372 RSUs that vest on December 31, 2026, provided, with respect to such RSUs, the reporting person remains continuously employed by the issuer through the applicable vesting date. Such RSUs were converted from certain previously granted MDU Resources RSUs in connection with the separation and distribution.
F3 Represents shares withheld by issuer to cover tax withholding obligations upon vesting of a RSU award.
F4 As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.
F5 Represents shares that were received by the reporting person in connection with the separation and distribution.

Remarks:

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