Granite Construction (NYSE: GVA) CEO logs stock grants and tax share surrenders

Rhea-AI Filing Summary

Granite Construction’s President & CEO Kyle T. Larkin reported routine equity compensation and related tax withholding transactions. On March 13, 2026, he received several grants of common stock units under the company’s 2021 and 2024 Equity Incentive Plans, including awards that vest in three equal annual installments and an award that vests 100% ten days after the grant date. On March 14, 2026, shares were surrendered at $120.73 per share to cover taxes upon vesting of earlier awards originally granted in 2023, 2024, and 2025, which are classified as tax-withholding dispositions rather than open-market sales. After these transactions, Larkin directly owned 188,908 shares of Granite Construction common stock.

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).

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^*

Larkin Kyle T

(Last) (First) (Middle)

585 W. BEACH STREET

(Street)

WATSONVILLE CA 95076

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GRANITE CONSTRUCTION INC [ GVA ]

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)
03/13/2026

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	03/13/2026		A		8,282(1)	A	$0	117,751(2)	D
Common Stock	03/13/2026		A		23,893(3)	A	$0	141,644	D
Common Stock	03/13/2026		A		54,844(3)	A	$0	196,488	D
Common Stock	03/14/2026		F		2,982(4)	D	$120.73	193,506	D
Common Stock	03/14/2026		F		2,525(5)	D	$120.73	190,981	D
Common Stock	03/14/2026		F		2,073(6)	D	$120.73	188,908	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. Stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. The stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date.

2. Total adjusted to include dividend equivalents (DEUs: 38 - 7/15/25; 33 - 10/15/25; 31 - 1/15/26) credited to the Reporting Person under the dividend reinvestment feature of Granite Construction Incorporated's equity plans since the Reporting Person's last report.

3. Stock units granted pursuant to the Granite Construction Incorporated 2021 Equity Incentive Plan. The stock units vest 100% ten days after the date of grant.

4. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/23).

5. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/24).

6. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/25).

Remarks:

See Exhibit for POA.

	/s/ Troy Erickson, attorney-in-fact for Kyle T. Larkin	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Granite Construction (GVA) CEO Kyle Larkin report on this Form 4?

Kyle T. Larkin reported stock unit grants and tax-related share surrenders. He received equity awards under the 2021 and 2024 incentive plans and surrendered shares at $120.73 per share to cover taxes on vesting of prior grants.

How many Granite Construction shares does CEO Kyle Larkin hold after these transactions?

After the reported transactions, Kyle T. Larkin directly held 188,908 shares of Granite Construction common stock. This figure reflects both the new equity awards and the shares surrendered to satisfy tax obligations tied to vesting awards.

Were there any open-market stock purchases or sales by GVA’s CEO in this filing?

No open-market purchases or sales are shown. The filing lists A-code grant or award acquisitions and F-code tax-withholding dispositions, where shares were surrendered to cover taxes owed on vesting equity awards, not traded on the open market.

What equity plans were used for the CEO’s new Granite Construction stock unit grants?

The grants were made under the Granite Construction Incorporated 2024 Equity Incentive Plan and the 2021 Equity Incentive Plan. One award vests in three equal annual installments, while another vests 100% ten days after the grant date.

Why did Kyle Larkin surrender Granite Construction shares on March 14, 2026?

Shares were surrendered to pay taxes due on vesting equity awards. Footnotes state the shares were surrendered for taxes upon vesting on March 14, 2026, tied to initial grant dates in 2023, 2024, and 2025 at a price of $120.73 per share.

How many Granite Construction shares were used for tax withholding in this Form 4?

The filing shows three F-code tax-withholding transactions totaling 7,580 shares surrendered at $120.73 per share. Each relates to vesting awards from different original grant years used to satisfy tax liabilities rather than to sell shares for cash.