Granite Construction (NYSE: GVA) SVP receives stock grants, surrenders shares for taxes

Rhea-AI Filing Summary

Granite Construction Senior Vice President Bradly J. Estes reported routine equity compensation and related tax withholding. On March 13, 2026, he acquired 1,242 and 1,659 common stock units at no cost as grants under the company’s 2024 and 2021 equity incentive plans, which vest over time as described in the plans. On March 14, 2026, 201 shares were surrendered to cover taxes due upon vesting of a prior award. After these transactions, he directly holds 12,397 common shares.

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

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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^*

Estes Bradly J

(Last) (First) (Middle)

585 WEST BEACH STREET

(Street)

WATSONVILLE CA 95076

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/13/2026		A		1,242(1)	A	$0	10,939(2)	D
Common Stock	03/13/2026		A		1,659(3)	A	$0	12,598	D
Common Stock	03/14/2026		F		201(4)	D	$120.73	12,397	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. Stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. The stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date.

2. Total adjusted to include dividend equivalents (DEUs: 16 - 4/15/25; 13 - 7/15/25; 11 - 10/15/25; 10 - 1/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated's equity plans since the Reporting Person's last report.

3. Stock units granted pursuant to the Granite Construction Incorporated 2021 Equity Incentive Plan. The stock units vest 100% ten days after the date of grant.

4. Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/25).

Remarks:

See Exhibit for POA.

	/s/ Troy Erickson, attorney-in-fact for Bradly J Estes	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Granite Construction (GVA) disclose in Bradly Estes’ latest Form 4?

Granite Construction reported that Senior Vice President Bradly J. Estes received equity grants and surrendered shares for taxes. He acquired stock units under company incentive plans and later delivered 201 shares to satisfy tax obligations tied to a vesting award.

How many Granite Construction (GVA) shares did Bradly Estes acquire in the reported transactions?

Bradly Estes acquired 1,242 and 1,659 Granite Construction common stock units as equity awards. These were granted at no cash cost under company incentive plans and are scheduled to vest over time according to the specific vesting terms in those plans.

Why were 201 Granite Construction (GVA) shares disposed of in this Form 4?

The 201 Granite Construction shares were surrendered to cover taxes due on a vesting equity award. This tax-withholding disposition is a routine, non-market transaction where shares are delivered back to the company rather than sold on the open market.

What is Bradly Estes’ Granite Construction (GVA) shareholding after these Form 4 transactions?

Following the reported equity grants and tax withholding, Bradly Estes directly holds 12,397 Granite Construction common shares. This figure reflects his updated ownership position after both the stock unit awards and the 201-share surrender for tax obligations.

What equity plans are referenced in Bradly Estes’ Granite Construction (GVA) Form 4?

The filing references Granite Construction’s 2024 and 2021 Equity Incentive Plans. Under these plans, Estes received stock unit grants that vest either in three equal annual installments or fully shortly after the grant date, depending on the specific award.

Are Bradly Estes’ Granite Construction (GVA) Form 4 transactions open-market trades?

The reported transactions are not open-market trades. They consist of stock unit grants as part of Granite Construction’s incentive compensation and a tax-withholding share surrender, where 201 shares were delivered to satisfy tax liabilities on a vesting award.