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Granite (NYSE: GVA) director receives 1,501 RSUs vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

McNally Michael F reported acquisition or exercise transactions in this Form 4 filing.

Granite Construction Inc. director Michael F. McNally received an equity grant of 1,501 restricted stock units of common stock. The award was made at no cash cost to him as a grant under the Granite Construction Incorporated 2024 Equity Incentive Plan.

The restricted stock units are scheduled to vest on May 20, 2027, aligning McNally’s compensation with longer-term company performance. Following this grant and related adjustments, he now directly holds 35,662 shares of common stock, including amounts credited through dividend equivalents under the company’s equity plans.

Positive

  • None.

Negative

  • None.
Insider McNally Michael F
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,501 $0.00 --
Holdings After Transaction: Common Stock — 35,662 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. Restricted stock units vest on May 20, 2027. Total adjusted to include dividend equivalents (DEUs: 36 - 10/15/25; 34 - 01/15/26; 33 - 04/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans since the Reporting Person's last report.
RSUs granted 1,501 restricted stock units Grant to director Michael F. McNally on June 8, 2026
Grant price $0.0000 per share Equity grant, no cash paid by recipient
Holdings after grant 35,662 shares Total common stock directly held following transaction
Vesting date May 20, 2027 Scheduled vesting for 1,501 restricted stock units
Dividend equivalents 1 36 units Dividend equivalents credited on October 15, 2025
Dividend equivalents 2 34 units Dividend equivalents credited on January 15, 2026
Dividend equivalents 3 33 units Dividend equivalents credited on April 15, 2026
Restricted stock units financial
"Restricted stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Equity Incentive Plan financial
"Restricted stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
dividend equivalents financial
"Total adjusted to include dividend equivalents (DEUs: 36 - 10/15/25; 34 - 01/15/26; 33 - 04/15/26) credited to the Reporting Person."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
McNally Michael F
(Last)(First)(Middle)
C/O 585 WEST BEACH STREET
(Street)
WATSONVILLE CALIFORNIA 95076
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
GRANITE CONSTRUCTION INC [ GVA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock06/08/2026A1,501(1)A$035,662(2)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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Restricted stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. Restricted stock units vest on May 20, 2027.
2. Total adjusted to include dividend equivalents (DEUs: 36 - 10/15/25; 34 - 01/15/26; 33 - 04/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans since the Reporting Person's last report.
Remarks:
/s/ Betty Kwong, attorney-in-fact for Michael F. McNally06/09/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Granite Construction (GVA) director Michael F. McNally report on this Form 4?

He reported receiving 1,501 restricted stock units as an equity grant. The units were granted at no cash cost to him under Granite Construction’s 2024 Equity Incentive Plan, increasing his direct holdings and tying part of his compensation to the company’s future share performance.

How many Granite Construction (GVA) shares does Michael F. McNally hold after this grant?

After the grant, McNally directly holds 35,662 shares of common stock. This total reflects the new award of 1,501 restricted stock units and prior dividend equivalent credits under Granite Construction’s equity plans since his last ownership report.

When do Michael F. McNally’s new Granite Construction (GVA) restricted stock units vest?

The 1,501 restricted stock units are scheduled to vest on May 20, 2027. Vesting means the units convert into shares he fully owns, creating a long-term incentive linked to Granite Construction’s share performance over the next several years.

What plan governs the equity award reported by Granite Construction (GVA) director McNally?

The award was granted under the Granite Construction Incorporated 2024 Equity Incentive Plan. This plan provides stock-based compensation, such as restricted stock units, to directors and other participants to align their interests with shareholders through ownership in the company.

What are the dividend equivalents mentioned in Michael F. McNally’s Granite Construction (GVA) filing?

Dividend equivalents are additional units credited in lieu of cash dividends on unvested awards. McNally’s total was adjusted to include dividend equivalents credited on specific dates under Granite Construction’s equity plans since his last report.