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Granite Construction (NYSE: GVA) director receives 1,036 share grant

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

Rhea-AI Filing Summary

Mullen Laura M reported acquisition or exercise transactions in this Form 4 filing.

Granite Construction Inc. director Laura M. Mullen received a grant of 1,036 shares of Common Stock at no cost as an equity award. The award represents restricted stock units under the company’s 2024 Equity Incentive Plan and is scheduled to vest on May 20, 2027. Following this grant, Mullen directly holds 14,529 shares, which include prior dividend equivalents credited under the company’s dividend reinvestment feature.

Positive

  • None.

Negative

  • None.
Insider Mullen Laura M
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,036 $0.00 --
Holdings After Transaction: Common Stock — 14,529 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: 12 - 10/15/25; 11 - 01/15/26; 11 - 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.
Equity award size 1,036 shares Grant of Common Stock as restricted stock units
Grant price $0.00 per share Director equity award, non-cash compensation
Holdings after grant 14,529 shares Direct ownership following the June 8, 2026 award
Vesting date May 20, 2027 Scheduled vesting of restricted stock units
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.
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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*
Mullen Laura 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$014,529(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: 12 - 10/15/25; 11 - 01/15/26; 11 - 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 Laura M. Mullen06/09/2026
** 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 Laura M. Mullen acquire in the latest Granite Construction (GVA) Form 4?

Laura M. Mullen received an equity award of 1,036 shares of Granite Construction Common Stock at no cost. The award is structured as restricted stock units under the company’s 2024 Equity Incentive Plan, rather than an open-market purchase of shares.

When do Laura M. Mullen’s new Granite Construction (GVA) restricted stock units vest?

The restricted stock units granted to Laura M. Mullen are scheduled to vest on May 20, 2027. Vesting means she will fully earn the underlying shares at that date, assuming continued service and satisfaction of any applicable plan conditions.

How many Granite Construction (GVA) shares does Laura M. Mullen hold after this Form 4 transaction?

After the grant, Laura M. Mullen directly holds 14,529 shares of Granite Construction Common Stock. This total includes the newly awarded shares and prior dividend equivalents credited to her under the company’s equity plans’ dividend reinvestment feature.

Was Laura M. Mullen’s Granite Construction (GVA) Form 4 transaction a market buy or sell?

The Form 4 shows a grant or award acquisition, not a market trade. Mullen received 1,036 shares at a price of $0.00 per share as part of her director compensation, rather than buying or selling shares on the open market.

What role do dividend equivalents play in Laura M. Mullen’s Granite Construction (GVA) holdings?

Dividend equivalents increase the number of units or shares tied to outstanding awards when dividends are paid. Mullen’s total holdings were adjusted to include such dividend equivalents credited since her last report under Granite Construction’s equity plans’ dividend reinvestment feature.