Form 4: Centuri Holdings SVP Earns Performance RSUs, Receives New Grant

Centuri Holdings' SVP, Chief Accounting Officer, Kendra Chilton, received a new restricted stock unit grant and earned additional performance-based RSUs following strong company performance.

Summary

• Kendra Chilton, SVP, Chief Accounting Officer of Centuri Holdings, Inc. (CTRI), reported changes in her beneficial ownership of company securities.
• On February 17, 2026, Chilton was granted 3,114 restricted stock units (RSUs) under the company's Omnibus Incentive Plan.
• On the same date, the board of directors certified the achievement of performance goals for the First Performance Period (ending December 28, 2025) at 105.1% of the target level.
• This certification resulted in Chilton earning 2,186 RSUs from a previously granted 2025 Performance Award.
• Following these transactions, Chilton's total beneficial ownership of common stock (including RSUs that are economic equivalents) increased to 20,422 shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing positively as it reflects the company's achievement of performance targets above expectations, leading to earned executive compensation and continued incentive alignment.

Positives

• Centuri Holdings achieved performance goals for the First Performance Period at 105.1% of target, indicating strong operational results.
• Kendra Chilton earned 2,186 performance-based RSUs, aligning executive incentives directly with the company's successful performance.
• The grant of 3,114 new RSUs to a key executive suggests continued retention and incentive for long-term performance and value creation.

Future Outlook

The remaining two-thirds of the 2025 Performance Award units are eligible to be earned based on achievement of performance goals for the two fiscal years ending January 2, 2028 (Second Performance Period). The 2025 Earned RSUs are scheduled to vest based on continued service through the later of February 25, 2028, and the date the board certifies the Second Performance Period's performance goals.

Industry Context

StockSavvy.ai notes that equity compensation, particularly through restricted stock units and performance-based awards, is a standard practice in the utility infrastructure services industry to align executive incentives with long-term shareholder value and company performance. The achievement of performance targets above 100% suggests strong operational execution within the sector.

Comparison to Industry Standards

• The use of RSUs and PSUs for executive compensation is a common practice across publicly traded companies, including peers in the utility infrastructure sector like Quanta Services (PWR) and Primoris Services Corporation (PRIM).
• Achieving performance goals at 105.1% of target for the First Performance Period indicates strong operational execution, potentially outperforming some industry benchmarks that might struggle to meet targets in challenging economic environments.
• The vesting schedule tied to continued service and future performance periods is typical for long-term incentive plans designed to retain key talent and drive sustained growth, comparable to plans seen at companies such as MasTec (MTZ) or MYR Group (MYRG).

Stakeholder Impact

• Shareholders: Positive impact due to strong company performance exceeding targets, potentially indicating healthy operational execution and value creation. Executive compensation aligned with performance can also be seen as a positive for governance.
• Employees: The earning of performance-based awards by a key executive could signal a positive performance culture within the company.

Next Steps

• Continued service by Kendra Chilton through the later of February 25, 2028, for the vesting of 2025 Earned RSUs.
• Achievement of performance goals for the Second Performance Period (ending January 2, 2028) for the remaining two-thirds of the 2025 Performance Award.
• Certification by the board of directors of the performance goals for the Second Performance Period.

Key Dates

Recommendation

The filing indicates strong operational performance with the company exceeding its performance targets for the First Performance Period, leading to earned executive compensation. This suggests effective management and a healthy business trajectory. While a Form 4 is a transactional report and not a comprehensive financial statement, the positive performance achievement and continued executive incentive alignment support maintaining current positions for investors, pending broader financial disclosures.

Keywords

Centuri Holdings, CTRI, Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Performance Stock Units, Executive Compensation, Kendra Chilton, SVP Chief Accounting Officer, Equity Compensation