Granite (NYSE: GVA) SVP surrenders 5,053 shares to cover tax withholding

Rhea-AI Filing Summary

Granite Construction Senior Vice President Bradley Jay Williams reported share dispositions tied to tax withholding rather than open‑market sales. On March 23, 2026, he surrendered a total of 5,053 shares of common stock at $119.65 per share to cover taxes due on vesting equity awards, as noted in the footnote. After these transactions, he directly holds 13,775 common shares and also has 8,260.8 shares held indirectly through an ESOP.

Insights

Equity compensation and governance analyst

Routine tax withholding on vested awards; no open‑market trading signal.

These entries show Form 4 code F transactions, which are share dispositions used to pay taxes when stock awards vest. The filing also states the shares were surrendered for taxes due to vesting on March 23, 2026, confirming they are compensation‑driven events.

Because the 5,053 shares were not sold in the open market, they carry little information about the insider’s view of Granite Construction stock. Williams still holds 13,775 shares directly, plus 8,260.8 shares indirectly via an ESOP, suggesting these are routine payroll‑style withholdings rather than strategic portfolio moves.

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

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^*

Williams Bradley Jay

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/23/2026		F		3,148(1)	D	$119.65	15,680	D
Common Stock	03/23/2026		F		1,372(1)	D	$119.65	14,308	D
Common Stock	03/23/2026		F		533(1)	D	$119.65	13,775	D
Common Stock								8,260.8	I	By ESOP

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. Shares surrendered for taxes due to vesting on March 23, 2026.

Remarks:

	/s/ Troy Erickson, attorney-in-fact for Bradley Jay Williams	03/25/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Granite Construction (GVA) executive Bradley Jay Williams report in this Form 4?

Bradley Jay Williams reported share dispositions used to pay taxes on vested stock awards. He surrendered 5,053 Granite Construction common shares at $119.65 per share on March 23, 2026, as tax withholding rather than open‑market sales, according to the filing’s footnote.

Were the Granite Construction (GVA) Form 4 transactions open-market sales or tax withholding?

The reported transactions were tax-withholding dispositions, not open‑market sales. Code F indicates shares were delivered to cover tax obligations, and the footnote states they were surrendered for taxes due to vesting on March 23, 2026, rather than discretionary selling.

How many Granite Construction (GVA) shares did the executive surrender for taxes?

The Form 4 shows 5,053 Granite Construction common shares were surrendered for tax withholding. These were reported across several code F entries at a price of $119.65 per share, and they relate to taxes owed when equity awards vested on March 23, 2026.

How many Granite Construction (GVA) shares does Bradley Jay Williams hold after the Form 4 transactions?

After the reported tax-withholding dispositions, Williams holds 13,775 Granite Construction common shares directly. The filing also lists an additional 8,260.8 shares held indirectly through an ESOP, providing context for his overall equity exposure following the March 23, 2026 transactions.

What does the ESOP holding in the Granite Construction (GVA) Form 4 mean?

The Form 4 shows 8,260.8 Granite Construction shares held indirectly through an ESOP. This indicates a portion of the executive’s stake is in an employee stock ownership plan, separate from his 13,775 directly held shares, and reflects long‑term, benefit‑plan‑related ownership.