Form 4: Centuri Holdings Director Julie Dill Acquires Restricted Stock Units

Director Julie Dill received a grant of 7,338 restricted stock units (RSUs) from Centuri Holdings, Inc. on April 16, 2025, which will vest before the 2026 annual meeting of stockholders.

Summary

• On April 16, 2025, Julie Dill, a director of Centuri Holdings, Inc. (CTRI), was granted 7,338 restricted stock units (RSUs) under the Issuer's Omnibus Incentive Plan.
• Each RSU represents the economic equivalent of one share of Centuri Holdings' common stock.
• The RSUs can be settled in either one share of common stock or, in certain cases, in cash, as determined by the RSU award agreement.
• These RSUs will vest on the day immediately before the registrant's 2026 annual meeting of stockholders.
• Following this transaction, Julie Dill beneficially owns 14,242 shares of Centuri Holdings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and aligns director interests with shareholders.

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 document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This type of equity grant is a common practice for incentivizing and retaining directors in publicly traded companies.

Comparison to Industry Standards

• Equity grants to directors are a standard practice across publicly listed companies to align their interests with shareholders.
• The size and vesting schedule of the RSU grant would need to be compared to similar grants at peer companies to assess its competitiveness.
• Companies like Quanta Services (PWR) and Dycom Industries (DY) also use equity-based compensation for their directors.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• Employees may view the equity grant as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Centuri Holdings, Director, Julie Dill, Restricted Stock Units, RSUs, Beneficial Ownership, Omnibus Incentive Plan, Vesting, CTRI