4/A: Centuri Holdings SVP, Chief Accounting Officer Kendra Chilton Amends Form 4 to Correctly Report RSU and PSU Grants

Kendra Chilton, SVP, Chief Accounting Officer of Centuri Holdings, Inc., filed an amended Form 4 to correct a clerical error in the number of Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) previously reported.

Summary

• Kendra Chilton, SVP, Chief Accounting Officer of Centuri Holdings, Inc., filed an amended Form 4 on March 11, 2025, to correct the number of RSUs and PSUs granted on February 25, 2025.
• The amendment addresses a clerical error in the original filing on February 27, 2025, and does not report any new transactions or modify other transaction details.
• The corrected filing reports the grant of 4,163 RSUs and 6,245 PSUs under the Issuer's Omnibus Incentive Plan.
• The RSUs vest ratably over three years, with one-third vesting on each of the first three anniversaries of the grant date.
• The PSUs are eligible to be earned based on performance metrics over a one-year period from January 1, 2025, to December 31, 2025, and a subsequent two-year period from January 1, 2026, to December 31, 2027, with the number of PSUs earned ranging from 50% to 200% of the target number.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing (Form 4/A) to correct a clerical error, indicating a neutral sentiment. The grant of RSUs and PSUs is a positive incentive for the reporting person, but the amendment itself is neither particularly positive nor negative.

Future Outlook

The PSUs are subject to performance metrics over a three-year performance period, with potential payout ranging from 50% to 200% of the target, indicating a performance-based incentive structure for the reporting person.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Key Dates