Granite Construction Inc. filings document formal disclosures for a public infrastructure contractor and construction materials producer. Recent Form 8-K reports furnish operating and financial results, including revenue, earnings measures, adjusted EBITDA, Committed and Awarded Projects, guidance, and completed acquisition activity tied to the company’s vertically integrated regional markets.
The company’s proxy and material-event filings also cover governance and capital-structure subjects, including director elections and appointments, board committee service, director independence, indemnification arrangements, executive and director compensation, shareholder meeting matters, material agreements, and related risk and compliance oversight for its construction and materials operations.
Insider grant and holdings update: Celeste B. Mastin, a director of Granite Construction Inc. (GVA), was granted 1,234 restricted stock units (RSUs) on 08/12/2025 under the company’s 2024 Equity Incentive Plan. The RSUs carry a $0 purchase price and vest on May 20, 2026. Following the grant and the crediting of dividend equivalents, the reporting person’s total beneficial ownership is 17,819 shares. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person and notes a power of attorney exhibit.
Granite Construction Inc. director Laura M. Mullen received 1,234 restricted stock units (RSUs) on 08/12/2025 under the 2024 Equity Incentive Plan. The RSUs have a $0 transaction price and vest on May 20, 2026. After the grant and dividend-equivalent credits, the reporting person beneficially owns 13,368 shares. The filing notes dividend equivalents credited on several dates between 7/15/24 and 7/15/25 that were included in the total. The Form 4 was signed by an attorney-in-fact on behalf of Ms. Mullen.
Michael F. McNally, a director of Granite Construction Inc. (GVA), reported an acquisition of 1,828 restricted stock units on 08/12/2025 under the Granite Construction Incorporated 2024 Equity Incentive Plan. The RSUs were granted at $0 and vest on May 20, 2026. Following the grant and adjustments for dividend equivalents credited since his last report, the reporting person beneficially owns 33,966 shares. The filing was signed by an attorney-in-fact, Troy Erickson, on 08/14/2025. The form notes dividend equivalent units credited on specific past dates and references a power of attorney exhibit.
Carlos M. Hernandez, a director of Granite Construction Inc. (GVA), reported an equity award and updated beneficial ownership. On 08/12/2025 he was granted 1,234 restricted stock units (RSUs) under the Granite Construction Incorporated 2024 Equity Incentive Plan. The RSUs vest on May 20, 2026 and were reported with a transaction code of A and a price of $0.
The filing shows the reporting person now beneficially owns 3,502 shares, a total adjusted to include dividend equivalents credited on 7/15/24, 10/15/24, 1/15/25 and 4/15/25. The Form 4 was signed by an attorney-in-fact, Troy Erickson, on 08/14/2025.
Granite Construction Inc. (GVA) has submitted a Form 144 disclosing that insider James A. Radich intends to sell up to 2,500 common shares through Fidelity Brokerage Services on or after 08/07/2025. Using the indicated market price, the proposed transaction is valued at $236,625. With 43,737,844 shares outstanding, the notice covers roughly 0.006 % of the company’s equity—an amount that is operationally immaterial.
The shares derive from restricted-stock vesting awards granted by the issuer on 03/24/2024 (2,437 shares) and 07/12/2024 (63 shares) as non-cash compensation. Radich previously sold an identical block of 2,500 shares on 05/13/2025 for $212,500, indicating a pattern of liquidity events following vesting. The filer certifies lack of undisclosed adverse information and may rely on a Rule 10b5-1 trading plan.
No earnings, balance-sheet data or forward guidance accompany this filing; the document serves solely as an advance notice of a potential insider sale with negligible dilution or cash-flow impact on Granite Construction.
Acquisition: On 5 Aug 2025 Granite Construction (GVA) executed an Equity Purchase Agreement to acquire Mississippi-based Slats Lucas, LLC and Warren Paving, Inc. for $540 million in cash, purchasing 100 % of the equity from LMS of Hattiesburg and related sellers. Funding was provided from a newly issued $600 million senior secured term loan; Granite also obtained representation-and-warranty insurance.
Financing: The company simultaneously entered into a Fifth Amended & Restated Credit Agreement featuring (1) a $600 million revolver, (2) the $600 million term loan and (3) a $75 million delayed-draw term loan, all maturing 5 Aug 2030. Initial pricing is SOFR + 1.75 % (or Base + 0.75 %) with margins and commitment fees stepping down after 31 Mar 2026 based on leverage. An accordion permits at least the greater of $535 million or 100 % of consolidated EBITDA plus unlimited additional debt if secured-debt/EBITDA ≤1.25×. Pro-forma unused revolver capacity is $570.4 million. Key covenants: interest-coverage ≥3.0× and leverage ≤3.75× (4.25× for four quarters post large acquisition). Obligations are secured by first-priority liens and guaranteed by subsidiaries. The transaction expands Granite’s materials footprint but increases secured leverage and fixed-charge commitments.