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Granite Construction (GVA) director awarded 1,036 RSUs vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

HERNANDEZ CARLOS M reported acquisition or exercise transactions in this Form 4 filing.

Granite Construction Inc. director Carlos M. Hernandez received an award of 1,036 restricted stock units of common stock at no cost. These RSUs were granted under the Granite Construction Incorporated 2024 Equity Incentive Plan and are scheduled to vest on May 20, 2027. Following this grant and related dividend equivalents credited under the company’s equity plans, Hernandez now directly holds a total of 4,632 shares.

Positive

  • None.

Negative

  • None.
Insider HERNANDEZ CARLOS M
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,036 $0.00 --
Holdings After Transaction: Common Stock — 4,632 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.
RSUs granted 1,036 restricted stock units Award of common stock RSUs on June 8, 2026
Shares after transaction 4,632 shares Total direct holdings following the RSU grant
Grant price per share $0.0000 per share RSU grant made at no cash cost to recipient
Vesting date May 20, 2027 Scheduled vesting date for restricted stock units
Dividend equivalents 3 DEUs 1 each on 10/15/25, 01/15/26, 04/15/26 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: 1 - 10/15/25; 1 - 01/15/26; 1 - 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*
HERNANDEZ CARLOS M
(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$04,632(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 Carlos M. Hernandez06/09/2026
** 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 Carlos Hernandez report on this Form 4?

Carlos M. Hernandez reported receiving 1,036 restricted stock units of Granite Construction common stock. The award was made at no cost to him and was granted under the company’s 2024 Equity Incentive Plan as equity-based compensation.

When do Carlos Hernandez’s new Granite Construction RSUs vest?

The restricted stock units granted to Carlos M. Hernandez are scheduled to vest on May 20, 2027. Vesting means the units convert into shares he fully owns, subject to any applicable plan terms and continued service conditions in the equity incentive plan.

How many Granite Construction shares does Carlos Hernandez hold after this transaction?

After this RSU award and related adjustments, Carlos M. Hernandez directly holds 4,632 shares of Granite Construction common stock. This total includes shares credited through dividend equivalents under the company’s equity plans since his last reported holdings.

What equity plan governed the RSU grant to Granite Construction’s director?

The restricted stock units were granted under the Granite Construction Incorporated 2024 Equity Incentive Plan. This plan provides equity-based awards, such as RSUs, to directors and other participants as part of their long-term compensation structure and alignment with shareholders.

What are dividend equivalents mentioned in Carlos Hernandez’s Granite award?

Dividend equivalents are credits that mirror dividends on underlying shares for RSU holders. For Carlos M. Hernandez, three dividend equivalent units were added since his last report under Granite Construction’s equity plans, slightly increasing his reported total share holdings.