Equity awards boost insider stake at Centuri Holdings (NYSE: CTRI)

Rhea-AI Filing Summary

Centuri Holdings, Inc. senior vice president and chief accounting officer Kendra Chilton reported equity awards that increase her direct holdings. On February 17, 2026, she acquired 3,114 shares of common stock through a grant and 2,186 restricted stock units earned from a prior performance award.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chilton Kendra

(Last) (First) (Middle)

19820 NORTH 7TH AVENUE, SUITE 120

(Street)

PHOENIX AZ 85027

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Centuri Holdings, Inc. [ CTRI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/17/2026		A		3,114(1)	A	$0	18,236(2)	D
Common Stock	02/17/2026		M		2,186	A	(3)(4)	20,422	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(5)	02/17/2026		M			2,186	(3)(4)	(3)(4)	Common Stock	2,186	$0	2,186(5)	D

Explanation of Responses:

1. Represents the grant of restricted stock units ("RSUs") pursuant to the Omnibus Incentive Plan (the "Plan") of Centuri Holdings, Inc. (the "Issuer") on February 17, 2026 (the "2026 RSU Grant"). Each RSU subject to the 2026 RSU Grant is the economic equivalent of one share of the Issuer's common stock and may be settled by delivery of one share of the Issuer's common stock.

2. The reporting person has reported prior grants of RSUs in Table II of Form 4. The total reported in Column 5 of Table I includes the 2026 RSU Grant, 11,405 RSUs granted pursuant to the Plan and previously reported in Table II (the "Previous RSU Grants"), and 3,717 shares of common stock. As of the date of this Form 4, the Previous RSU Grants may be settled only by delivery of an equal number of shares of the Issuer's common stock.

3. On February 25, 2025, the reporting person was granted a total of 6,245 performance stock units pursuant to the Plan (the "2025 Performance Award"), assuming target level of achievement of the applicable performance goals. One-third of the units subject to the 2025 Performance Award were eligible to be earned based on achievement of performance goals for the fiscal year of the Issuer ended December 28, 2025 (the "First Performance Period"), and the remaining two-thirds of the units subject to the 2025 Performance Award are eligible to be earned based on achievement of performance goals for the two fiscal years of the Issuer ending January 2, 2028 (the "Second Performance Period").

4. On February 17, 2026, the Issuer's board of directors certified achievement of the performance goals for the First Performance Period at 105.1% of the target level, resulting in the reporting person earning 2,186 RSUs (the "2025 Earned RSUs"). The 2025 Earned RSUs are scheduled to vest based on the reporting person's continued service through the later of February 25, 2028 and the date that the Issuer's board of directors (or a committee thereof) certifies the level of achievement of the performance goals for the Second Performance Period.

5. The reported transaction involved the reporting person's receipt of the 2025 Earned RSUs. The reporting person previously reported the 2025 Performance Award in Table II of Form 4. As of the date of this Form 4, the 2025 Performance Award may be settled only by delivery of a number of shares of the Issuer's common stock equal to the number of 2025 Earned RSUs plus any additional RSUs subject to the 2025 Performance Award that are earned based on the level of achievement of the performance goals for the Second Performance Period.

Remarks:

	/s/ Jason S. Wilcock, attorney-in-fact for Kendra Chilton	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did CTRI executive Kendra Chilton report on this Form 4?

Kendra Chilton reported three acquisition transactions. She received a grant of 3,114 shares of common stock and 2,186 restricted stock units, and a related 2,186-share common stock acquisition from derivative exercise, all recorded as direct ownership on February 17, 2026.

How many restricted stock units did CTRI grant or certify for Kendra Chilton?

Kendra Chilton was credited with 2,186 restricted stock units earned from a 2025 performance award. These RSUs are economically equivalent to one share of Centuri Holdings, Inc. common stock each and may be settled by delivery of the same number of common shares.

What common stock awards did Kendra Chilton acquire in Centuri Holdings (CTRI)?

Chilton acquired 3,114 shares of Centuri common stock as a grant or award on February 17, 2026. A separate 2,186-share common stock acquisition reflected the exercise or conversion of derivative securities tied to previously reported performance-based restricted stock units.

Were there any stock sales or dispositions reported by CTRI insider Kendra Chilton?

No stock sales or dispositions were reported. All three transactions on this Form 4 are classified as acquisitions, reflecting grants and exercises of equity awards. The transaction summary shows three acquire transactions and zero dispose or sell transactions for the reporting date.

How were the CTRI performance-based RSUs determined for Kendra Chilton?

The board certified 105.1% achievement of performance goals for the first performance period of a 2025 award. This certification resulted in Chilton earning 2,186 RSUs, which are scheduled to vest based on continued service and future performance goal certification for the second period.

What role does Kendra Chilton hold at Centuri Holdings (CTRI)?

Kendra Chilton is reported as an officer of Centuri Holdings, Inc. with the title SVP, Chief Accounting Officer. The equity transactions disclosed on this Form 4 relate to compensation awards granted to her in that senior finance and accounting leadership role.