Granite Construction (GVA) SVP surrenders 4,981 shares for tax withholding

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Granite Construction Inc. Senior Vice President Michael G. Tatusko reported share dispositions tied to tax withholding, not market sales. On March 23, 2026, a total of 4,981 shares of common stock were surrendered at $119.65 per share to cover taxes upon vesting. After these transactions, he directly holds 38,796.28 shares and indirectly holds 5,586.56 shares through an ESOP, indicating the actions were part of routine compensation-related tax obligations rather than discretionary trading.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Tatusko Michael G

Role Senior Vice President

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	3,469	$119.65	$415K
Tax Withholding	Common Stock	1,512	$119.65	$181K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 38,796.28 shares (Direct); Common Stock — 5,586.56 shares (Indirect, By ESOP)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

03/25/2026 - 04:44 PM

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^*

Tatusko Michael G

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/23/2026		F		3,469⁽¹⁾	D	$119.65	38,796.28	D
Common Stock	03/23/2026		F		1,512⁽¹⁾	D	$119.65	37,284.28	D
Common Stock								5,586.56	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

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

Remarks:

	/s/ Troy Erickson, attorney-in-fact for Michael G. Tatusko	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Granite Construction (GVA) report for Michael G. Tatusko?

Granite Construction Senior Vice President Michael G. Tatusko reported share dispositions used for tax withholding, not open-market sales. On March 23, 2026, 4,981 common shares were surrendered to cover taxes triggered by vesting of equity compensation awards.

How many Granite Construction (GVA) shares were used for tax withholding?

A total of 4,981 Granite Construction common shares were surrendered for tax withholding. These shares, disposed of at $119.65 per share, covered taxes due upon the vesting of equity awards on March 23, 2026, according to the filing footnote.

Were the Granite Construction (GVA) insider transactions open-market sales?

No, the reported dispositions were not open-market sales. They were coded as F transactions, meaning shares were delivered to satisfy tax liabilities upon vesting, a routine, non-discretionary part of equity compensation rather than a market-driven trading decision.

What are Michael G. Tatusko’s Granite Construction (GVA) holdings after the transactions?

Following the tax-withholding dispositions, Michael G. Tatusko directly holds 38,796.28 Granite Construction common shares. He also indirectly holds 5,586.56 additional shares through an employee stock ownership plan (ESOP), as disclosed in the indirect ownership section of the filing.

What does transaction code F mean in the Granite Construction (GVA) filing?

Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, the 4,981 Granite Construction shares were surrendered specifically to satisfy taxes due on March 23, 2026, when equity awards vested for the executive.

How is indirect ownership reported for Granite Construction (GVA) in this Form 4?

Indirect ownership is reported separately with an ownership code I. The filing shows 5,586.56 Granite Construction shares held indirectly “By ESOP,” meaning through an employee stock ownership plan, distinct from the executive’s directly held share position.