Granite Construction (NYSE: GVA) CFO surrenders 4,436 shares for taxes

Rhea-AI Filing Summary

Granite Construction Chief Financial Officer Staci M. Woolsey had 4,436 shares of common stock surrendered on March 23, 2026 to cover taxes due on vesting of equity awards. The shares were valued at $119.65 each for this tax-withholding transaction, and she now directly holds 14,518 shares of Granite Construction common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider WOOLSEY STACI M

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,090	$119.65	$370K
Tax Withholding	Common Stock	1,346	$119.65	$161K

Holdings After Transaction: Common Stock — 15,864 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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^*

WOOLSEY STACI 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

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		3,090(1)	D	$119.65	15,864	D
Common Stock	03/23/2026		F		1,346(1)	D	$119.65	14,518	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. Shares surrendered for taxes due to vesting on March 23, 2026.

Remarks:

	/s/ Troy Erickson, attorney-in-fact for Staci M. Woolsey	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) report in this Form 4 filing?

Granite Construction reported that CFO Staci M. Woolsey had 4,436 shares of common stock surrendered on March 23, 2026 to satisfy tax obligations related to vesting equity awards, rather than through an open-market stock sale.

How many Granite Construction shares were used for CFO Staci Woolsey’s tax withholding?

The filing shows 4,436 shares of Granite Construction common stock were surrendered for tax withholding at a value of $119.65 per share, reflecting shares delivered to cover taxes due when equity awards vested on March 23, 2026.

Was Granite Construction CFO Staci Woolsey’s Form 4 transaction an open-market stock sale?

No, the Form 4 describes a tax-withholding disposition, coded “F,” where 4,436 shares were surrendered to cover tax liabilities upon vesting of equity awards, rather than shares being sold by the CFO in open-market transactions for investment or liquidity purposes.

How many Granite Construction shares does CFO Staci Woolsey hold after these transactions?

After the tax-withholding dispositions, the Form 4 states that CFO Staci M. Woolsey directly owns 14,518 shares of Granite Construction common stock, reflecting her post-transaction position following the surrender of shares for taxes on March 23, 2026.

What does transaction code “F” mean in Granite Construction’s Form 4 for Staci Woolsey?

Transaction code “F” in the Form 4 indicates a payment of tax liability by delivering securities. For CFO Staci Woolsey, this means company shares were withheld or surrendered to satisfy taxes due on the vesting of equity-based compensation.

Why were Granite Construction shares surrendered on March 23, 2026 for the CFO?

A footnote explains the shares were surrendered for taxes because certain equity awards vested on March 23, 2026. Instead of paying taxes in cash, 4,436 shares of Granite Construction common stock were delivered to meet that tax obligation.