Form 4: Centuri Holdings Director Charles R. Patton Reports Acquisition of Restricted Stock Units

Director Charles R. Patton reports the acquisition of 7,338 restricted stock units of Centuri Holdings, Inc. on April 16, 2025.

Summary

• Charles R. Patton, a director of Centuri Holdings, Inc. (CTRI), reported the acquisition of 7,338 restricted stock units (RSUs) on April 16, 2025.
• The RSUs were granted pursuant to the Issuer's Omnibus Incentive Plan.
• Each RSU is economically equivalent to one share of Centuri Holdings' common stock and can be settled in stock or, in certain cases, in cash.
• The RSUs will vest on the day immediately before the registrant's 2026 annual meeting of stockholders.
• Following the transaction, Patton directly owns 14,242 shares of Centuri Holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices that align management interests with shareholder value.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The director's holdings will increase upon vesting of the RSUs, aligning his interests with the company's long-term performance.

Industry Context

This is a standard practice for incentivizing and retaining key personnel in publicly traded companies.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates

Keywords

Centuri Holdings, CTRI, Charles R. Patton, Director, Restricted Stock Units, RSUs, Beneficial Ownership, Form 4, Omnibus Incentive Plan, Vesting