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Director at Granite (NYSE: GVA) receives 1,036 RSUs grant

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

Rhea-AI Filing Summary

CALDERA LOUIS E reported acquisition or exercise transactions in this Form 4 filing.

Granite Construction Inc. director Louis E. Caldera received a grant of 1,036 restricted stock units of common stock at no cost under the company’s 2024 Equity Incentive Plan. These units vest on May 20, 2027, and his direct holdings after the grant total 13,254 shares including credited dividend equivalents.

Positive

  • None.

Negative

  • None.
Insider CALDERA LOUIS E
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,036 $0.00 --
Holdings After Transaction: Common Stock — 13,254 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: 9 - 10/15/25; 9 - 01/15/26; 8 - 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.
RSUs granted 1,036 restricted stock units Grant on 2026-06-08 under 2024 Equity Incentive Plan
Grant price $0.0000 per share Reported transaction price per share for RSU award
Post-transaction holdings 13,254 shares Total common stock directly held after grant
Vesting date May 20, 2027 Vesting date for the 1,036 restricted stock units
Dividend equivalents credited 9, 9, and 8 units DEUs on 10/15/25, 01/15/26, and 04/15/26
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.
2024 Equity Incentive Plan financial
"Restricted stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan."
dividend equivalents financial
"Total adjusted to include dividend equivalents (DEUs: 9 - 10/15/25; 9 - 01/15/26; 8 - 04/15/26) credited to the Reporting Person."
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.
dividend reinvestment feature financial
"credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans."
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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*
CALDERA LOUIS E
(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$013,254(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: 9 - 10/15/25; 9 - 01/15/26; 8 - 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 Louis E. Caldera06/09/2026
** 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 insider transaction did GVA director Louis E. Caldera report?

Louis E. Caldera reported receiving a grant of 1,036 restricted stock units of Granite Construction common stock. The award was made under the company’s 2024 Equity Incentive Plan and represents equity-based compensation, not an open-market share purchase or sale.

How many Granite Construction (GVA) shares does Louis E. Caldera hold after this Form 4?

After the reported grant, Louis E. Caldera directly holds 13,254 shares of Granite Construction common stock. This total includes prior awards adjusted for dividend equivalents credited under the company’s equity plans since his last report.

When do Louis E. Caldera’s newly granted GVA restricted stock units vest?

The 1,036 restricted stock units granted to Louis E. Caldera vest on May 20, 2027. Vesting means the units convert into shares of common stock for him, assuming applicable service or other plan conditions are satisfied through that date.

Were Louis E. Caldera’s new GVA shares purchased on the open market?

No, the 1,036 units were granted as restricted stock units with a reported price of $0.0000 per share. This indicates they were awarded as compensation under Granite Construction’s 2024 Equity Incentive Plan, rather than bought in an open-market transaction.

What are dividend equivalents (DEUs) mentioned in Louis E. Caldera’s GVA filing?

Dividend equivalents are credits that mirror dividends on unvested units, increasing the award balance. The filing notes DEUs of 9, 9, and 8 units credited on October 15, 2025, January 15, 2026, and April 15, 2026 under Granite Construction equity plan features.

Under which plan were Louis E. Caldera’s GVA restricted stock units granted?

The 1,036 restricted stock units were granted under the Granite Construction Incorporated 2024 Equity Incentive Plan. This plan provides equity-based awards, such as restricted stock units, as part of the company’s compensation structure for eligible participants including directors.