Form 4: Centuri Holdings Executive Jason S. Wilcock Receives Restricted Stock Units

Jason S. Wilcock, Chief Legal and Administrative Officer of Centuri Holdings, Inc., was granted 30,303 restricted stock units on May 12, 2024, which will vest on the first anniversary of the grant date.

Summary

• On May 12, 2024, Jason S. Wilcock, Chief Legal and Administrative Officer of Centuri Holdings, Inc., received a grant of 30,303 restricted stock units (RSUs).
• These RSUs were granted pursuant to 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 by delivering an equal number of shares of common stock or, in certain cases, in cash, as specified in the RSU award agreement.
• The RSUs will vest on the first anniversary of the grant date.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management with shareholder interests. The grant itself is a positive for the executive.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This is a standard Form 4 filing, reflecting a common practice of granting stock-based compensation to company executives. Such grants are intended to incentivize performance and align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a common practice across publicly traded companies to incentivize executives.
• The size of the grant and vesting schedule are typical for executive compensation packages, but would need to be compared to similar companies in the utility infrastructure services sector to determine if it is above or below average.
• Companies like Quanta Services (PWR) and MasTec (MTZ) also utilize stock-based compensation for their executives.

Stakeholder Impact

• Shareholders may view the grant positively as it incentivizes the executive to improve company performance.
• Employees may see this as a positive sign of investment in leadership.

Key Dates