Granite Construction (NYSE: GVA) CEO surrenders 40,062 shares for taxes

Rhea-AI Filing Summary

Granite Construction President & CEO Kyle T. Larkin reported routine tax-related share dispositions tied to equity vesting. On March 23, 2026, a total of 40,062 shares of common stock were surrendered at $119.65 per share to cover tax liabilities upon vesting, coded as tax-withholding dispositions rather than open-market sales. These transactions reflect compensation-related withholding, and he continues to hold a substantial direct ownership stake in Granite Construction.

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^*

Larkin Kyle T

(Last) (First) (Middle)

585 W. 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

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		27,905(1)	D	$119.65	153,689	D
Common Stock	03/23/2026		F		12,157(1)	D	$119.65	141,532	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 Kyle T. Larkin	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) CEO Kyle Larkin report in this Form 4?

Kyle T. Larkin reported share dispositions related to tax withholding, not open-market trading. On March 23, 2026, a total of 40,062 Granite Construction common shares were surrendered to satisfy tax liabilities arising from vesting equity awards, as indicated by transaction code F and the accompanying footnote.

How many Granite Construction (GVA) shares were surrendered for taxes and at what price?

A total of 40,062 Granite Construction common shares were surrendered for taxes. The dispositions occurred at $119.65 per share, reflecting the fair market value used for tax withholding on March 23, 2026, in connection with the vesting of previously granted equity awards.

Does this Granite Construction (GVA) Form 4 show the CEO selling shares on the open market?

No, the Form 4 does not show open-market sales by the CEO. Both transactions are coded F, meaning shares were delivered to cover tax liabilities from vesting awards, per the footnote. This is a routine compensation-related event rather than a discretionary market sale.

What is the significance of transaction code F in Granite Construction (GVA) CEO’s filing?

Transaction code F indicates payment of tax liability or exercise cost by delivering shares. In this filing, it shows that 40,062 shares were withheld or surrendered on March 23, 2026, to satisfy taxes due upon vesting of equity, rather than being sold in the market.

Does Kyle Larkin still hold Granite Construction (GVA) shares after these tax-withholding transactions?

Yes, Kyle Larkin continues to hold a substantial direct ownership position after the tax-withholding transactions. The Form 4 reports post-transaction share balances for each line item, indicating he retained a meaningful stake in Granite Construction common stock following the March 23, 2026 vesting-related dispositions.

Are there any derivative securities reported for Granite Construction (GVA) CEO in this Form 4?

No derivative securities are listed in the derivative summary for this Form 4. The reported activity involves only Granite Construction common stock, with two non-derivative transactions classified as tax-withholding dispositions tied to vesting on March 23, 2026, and no option or warrant exercises disclosed.