Everus Construction (ECG) Form 4 Everus Construction / Jeffrey S Thiede ownership change

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

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

1. Name and Address of Reporting Person^*

Thiede Jeffrey S

(Last) (First) (Middle)

1730 BURNT BOAT DRIVE

(Street)

BISMARCK ND 58503

(City) (State) (Zip)

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
X	Officer (give title below)	Other (specify below)
President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2025

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	02/20/2025		A(1)		16,333	A	$0.0000	125,877(2)	D
Common Stock	02/20/2025		F(3)		8,395	D	$46.54	117,482	D
Common Stock - 401(k)(4)								2,202(5)	I	By Trustee

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 in three equal annual installments beginning on February 20, 2026, provided the reporting person remains continuously employed by the issuer through the applicable vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock.

2. Includes (i) 32,926 shares of common stock that were received by the reporting person in connection with the separation and distribution transaction that became effective on October 31, 2024, pursuant to which the issuer was spun-off from its former parent company, MDU Resources Group, Inc. (MDU Resources), and MDU Resources' stockholders, including the reporting person, received 1 share of the issuer's common stock for every 4 shares of MDU Resources common held as of such time, subject to the payment of cash in lieu of fractional shares of the issuer's common stock, and (ii) 21,199 RSUs that vested on December 31, 2024; 25,047 RSUs that vest on December 31, 2025; and 30,372 RSUs that vest on December 31, 2026, provided, with respect to such RSUs, the reporting person remains continuously employed by the issuer through the applicable vesting date. Such RSUs were converted from certain previously granted MDU Resources RSUs in connection with the separation and distribution.

3. Represents shares withheld by issuer to cover tax withholding obligations upon vesting of a RSU award.

4. As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.

5. Represents shares that were received by the reporting person in connection with the separation and distribution.

Remarks:

poathiede.txt

	/s/ Paul R. Sanderson, Attorney-in-Fact	02/24/2025
	** 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.