Everus director awarded 1,015 restricted stock units

SPARBY DAVID M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

SPARBY DAVID M reported acquisition or exercise transactions in this Form 4 filing.

Everus Construction Group director David M. Sparby received a grant of 1,015 restricted stock units (RSUs). The RSUs vest at the issuer's 2027 annual meeting of stockholders if he remains in continuous service as a director. Following the award, he holds 18,658 shares directly. Under the Deferred Compensation Plan for Directors, he elected to defer receipt of the vested shares until his separation from service, when accumulated phantom stock units with dividend equivalents will be settled in common stock.

Insider Trade Summary

Grant/Award: 1,015 shares

Grant/Award 1 txn

Insider SPARBY DAVID M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,015	$0.00	$0.00

Holdings After Transaction: Common Stock — 18,658 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units (RSUs) that vest on the date of the issuer's 2027 annual meeting of stockholders, provided that the reporting person remains in continuous service with the issuer through the vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. Pursuant to the issuer's Deferred Compensation Plan for Directors, as amended and restated to date, the reporting person has elected to defer receipt of the shares of common stock issuable upon vesting of the RSUs until the reporting person's separation from service as a director. The deferred amounts will convert into an equivalent number of phantom stock units with dividend equivalent accruals (investment units). After the reporting person's separation from service as a director, the accumulated investment units will be converted into (and settled in) an equivalent number of shares of the issuer's common stock.

Key Figures

RSUs granted: 1,015 units Grant price per share: $0.00 Shares after transaction: 18,658 shares +1 more

4 metrics

RSUs granted 1,015 units Restricted stock units awarded to director on May 12, 2026

Grant price per share $0.00 Reported transaction price per share for RSU grant

Shares after transaction 18,658 shares Total direct holdings following the RSU grant

Vesting timing 2027 annual meeting RSUs vest at issuer's 2027 annual stockholder meeting

Key Terms

restricted stock units (RSUs), Deferred Compensation Plan for Directors, phantom stock units, dividend equivalent accruals

4 terms

restricted stock units (RSUs) financial

"Represents restricted stock units (RSUs) that vest on the date of the issuer's 2027 annual meeting of stockholders"

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

Deferred Compensation Plan for Directors financial

"Pursuant to the issuer's Deferred Compensation Plan for Directors, as amended and restated to date"

A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.

phantom stock units financial

"The deferred amounts will convert into an equivalent number of phantom stock units with dividend equivalent accruals"

Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.

dividend equivalent accruals financial

"phantom stock units with dividend equivalent accruals (investment units)"

Dividend equivalent accruals are bookkeeping entries that track amounts owed to holders of stock-based awards (like restricted stock units or certain options) as if cash dividends had been paid on the underlying shares. Think of it as a running tab a company keeps for future payments: it matters to investors because these accruals increase reported compensation costs, can dilute shareholders when paid in stock, and signal future cash or share outflows tied to corporate dividend policy.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Everus Construction Group (ECG) report for David M. Sparby?

Everus Construction Group reported that director David M. Sparby received a grant of 1,015 restricted stock units (RSUs). The award is a compensation-related acquisition, not an open-market trade, and increases his direct holdings to 18,658 shares after the transaction.

When do David M. Sparby’s 1,015 Everus (ECG) RSUs vest?

The 1,015 restricted stock units granted to director David M. Sparby vest on the date of Everus Construction Group’s 2027 annual meeting of stockholders, provided he remains in continuous service as a director through that vesting date under the terms described.

How will David M. Sparby receive the Everus (ECG) shares from his RSUs?

Each restricted stock unit represents the right to receive one share of Everus common stock upon vesting. However, Sparby elected to defer receipt until he separates from board service, when equivalent phantom stock units with dividend accruals will be settled in common shares.

What is the impact of this Form 4 on David M. Sparby’s Everus (ECG) holdings?

After the grant of 1,015 restricted stock units, David M. Sparby’s direct holdings reported in the filing total 18,658 shares of Everus common stock. The transaction is classified as a grant or award acquisition rather than a market purchase or sale.

How does Everus (ECG) treat director RSUs under its Deferred Compensation Plan?

Under Everus’s Deferred Compensation Plan for Directors, Sparby elected to defer shares issuable upon RSU vesting until separation from service. The deferred amounts convert into phantom stock units with dividend equivalent accruals, then are settled in an equivalent number of common shares after his board service ends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/13/2026 - 05:06 PM EDT Learn about SEC filing dates

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^*

SPARBY DAVID M

(Last) (First) (Middle)

1730 BURNT BOAT DRIVE

(Street)

BISMARCK NORTH DAKOTA 58503

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Everus Construction Group, Inc. [ ECG ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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	05/12/2026		A		1,015(1)	A	$0.0000	18,658	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

Explanation of Responses:

1. Represents restricted stock units (RSUs) that vest on the date of the issuer's 2027 annual meeting of stockholders, provided that the reporting person remains in continuous service with the issuer through the vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. Pursuant to the issuer's Deferred Compensation Plan for Directors, as amended and restated to date, the reporting person has elected to defer receipt of the shares of common stock issuable upon vesting of the RSUs until the reporting person's separation from service as a director. The deferred amounts will convert into an equivalent number of phantom stock units with dividend equivalent accruals (investment units). After the reporting person's separation from service as a director, the accumulated investment units will be converted into (and settled in) an equivalent number of shares of the issuer's common stock.

	/s/ Paul R. Sanderson, Attorney-in-Fact	05/13/2026
	** 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.
* Form 4: SEC 1474 (03-26)