# EDGAR Filing Document

**Accession Number:** 0002016584
**File Stem:** 0001981599-26-000003
**Filing Date:** 2026-2
**Character Count:** 8006
**Document Hash:** f9d2b7511ad3248c08b1906bdaae5ae0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001981599-26-000003.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001981599-26-000003

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260203

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Connell James W. Jr.
- **CENTRAL INDEX KEY:** 0002016584

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42022
- **FILM NUMBER:** 26595432

**MAIL ADDRESS:**
- **STREET 1:** C/O CENTURI HOLDINGS, INC.
- **STREET 2:** 19820 NORTH 7TH AVENUE, SUITE 120
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85027
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Centuri Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001981599
- **STANDARD INDUSTRIAL CLASSIFICATION:** NATURAL GAS TRANSMISSION & DISTRIBUTION [4923]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 931817741
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1228

**BUSINESS ADDRESS:**
- **STREET 1:** 19820 NORTH 7TH AVENUE SUITE 120
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85027
- **BUSINESS PHONE:** (623) 582-1235

**MAIL ADDRESS:**
- **STREET 1:** 19820 NORTH 7TH AVENUE SUITE 120
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85027

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[x] 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**<sup>*</sup><br>Connell James W. Jr.<br><sub>(Last) (First) (Middle)</sub><br>19820 NORTH 7TH AVENUE<br>SUITE 120<br><sub>(Street)</sub><br>PHOENIX, AZ 85027<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-01-30 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_See Remarks_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Centuri Holdings, Inc. [ CTRI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2026-01-30 |  | M |  | 19011 | A | <sup>(1)(2)</sup> | 43471 | D |  |
| Common Stock | 2026-01-30 |  | F<sup>(3)</sup> |  | 5280 | D | $27.83 | 38191 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units | <sup>(1)(2)</sup> | 2026-01-30 |  | M |  |  | 19011 | <sup>(4)</sup> | <sup>(4)</sup> | Common Stock | 19011 | $0 | 11791 | D |  |
| Restricted Stock Units | <sup>(1)</sup> | 2026-01-31 |  | D |  |  | 11791 | <sup>(5)</sup> | <sup>(5)</sup> | Common Stock | 11791 | $0 | 0 | D |  |
| Performance Stock Units | <sup>(6)</sup> | 2026-01-31 |  | D |  |  | 17687 | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 17687 | $0 | 0 | D |  |

---

### Footnotes:

(1) Each restricted stock unit ("RSU") is the economic equivalent of one share of the Centuri Holdings, Inc.'s (the "Issuer") common stock.

(2) Pursuant to the applicable RSU award agreement by and between the Issuer and the Reporting Person, shares of the Issuer's common stock were delivered on a one-for-one basis upon the settlement of the RSUs.

(3) Represents shares withheld by the issuer to satisfy tax withholding obligations in connection with the vesting of RSUs. This is not an open market sale of securities.

(4) On July 30, 2024, the Reporting Person was granted 19,011 RSUs, which vested in full on January 30, 2026.

(5) On February 25, 2025, the Reporting Person was granted 11,791 RSUs, which were to vest ratably over three years, with one-third of the RSUs to vest on each of the first three anniversaries of the date of grant. A total of 11,791 RSUs were forfeited in connection with the Reporting Person's resignation from the Issuer on January 31, 2026.

(6) Each performance stock unit ("PSU") is the economic equivalent of one share of the Issuer's common stock.

(7) On February 25, 2025, the Reporting Person was granted 17,687 PSUs, which were eligible to be earned by the Reporting Person based on the achievement of certain performance metrics, as set forth in the applicable PSU award agreement by and between the Issuer and the Reporting Person, over a one-year initial performance period from January 1, 2025 to December 31, 2025 and a subsequent two-year performance period from January 1, 2026 to December 31, 2027 (collectively, the "Performance Period"). Earned shares would have vested after the Performance Period. A total of 17,687 PSUs were forfeited in connection with the Reporting Person's resignation from the Issuer on January 31, 2026.

**Remarks:**
The Reporting Person's full title is "Chief Commercial and Strategy Officer"

**Signature:** /s/ Jason S. Wilcock, as attorney-in-fact for James W. Connell, Jr.  
**Date:** 2026-02-03

### Remarks:

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.**