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Granite Construction (NYSE: GVA) director granted 1,036 restricted stock units

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

Rhea-AI Filing Summary

Krusi Alan reported acquisition or exercise transactions in this Form 4 filing.

Granite Construction director Alan Krusi received an equity award of 1,036 shares of common stock in the form of restricted stock units at no cost. The award was granted under the Granite Construction Incorporated 2024 Equity Incentive Plan and will vest on May 20, 2027.

After this grant and related adjustments, Krusi directly holds 23,064 shares of Granite Construction common stock. The total reflects additional dividend equivalents credited to his account under the company’s dividend reinvestment feature since his prior report.

Positive

  • None.

Negative

  • None.
Insider Krusi Alan
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,036 $0.00 --
Holdings After Transaction: Common Stock — 23,064 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: 1 - 10/15/25; 1 - 01/15/26; 1 - 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.
RSU grant size 1,036 shares Restricted stock units granted to director on transaction date
Grant price per share $0.00 per share Restricted stock unit award under equity incentive plan
Shares after transaction 23,064 shares Total common stock directly held by director after grant
RSU vesting date May 20, 2027 Vesting date for restricted stock units granted
Dividend equivalents credited 3 units Dividend equivalents credited since last report
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 credited to the Reporting Person under the dividend reinvestment feature."
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.
dividend reinvestment feature financial
"Dividend equivalents credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans."
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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*
Krusi Alan
(Last)(First)(Middle)
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 Stock06/08/2026A1,036(1)A$023,064(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: 1 - 10/15/25; 1 - 01/15/26; 1 - 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 Alan P. Krusi06/09/2026
** 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) disclose about director Alan Krusi’s latest share award?

Granite Construction disclosed that director Alan Krusi received 1,036 shares of common stock through a restricted stock unit grant at no cost. The award comes under the company’s 2024 Equity Incentive Plan as part of his director compensation.

When do Alan Krusi’s newly granted Granite Construction restricted stock units vest?

The newly granted restricted stock units to director Alan Krusi vest on May 20, 2027. Vesting means the units convert into common shares he fully owns, subject to any applicable plan terms or ongoing service requirements defined by the equity incentive plan.

How many Granite Construction shares does Alan Krusi hold after this Form 4 transaction?

Following this transaction, director Alan Krusi directly holds 23,064 shares of Granite Construction common stock. This figure includes the new restricted stock unit award and adjustments from dividend equivalents credited since his last ownership report under the company’s equity plans.

What is the nature of the 1,036-share transaction reported for Granite Construction director Alan Krusi?

The 1,036-share transaction is an acquisition via a grant or award, not an open-market purchase. It represents restricted stock units granted at a price of $0.00 per share as part of Granite Construction’s 2024 Equity Incentive Plan for director compensation.

How do dividend equivalents affect Alan Krusi’s Granite Construction share holdings?

Dividend equivalents increased Alan Krusi’s holdings by adding small additional units under the dividend reinvestment feature of Granite’s equity plans. These dividend equivalents were credited since his last report and are included in the updated 23,064-share total he now directly holds.