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Williams Bradley Jay reported acquisition or exercise transactions in this Form 4 filing.
Granite Construction Inc. Senior Vice President Bradley Jay Williams reported stock-based compensation grants of common stock on March 13, 2026. Three award transactions increased his direct holdings to 18,828 shares of common stock, with no cash paid per share.
Footnotes explain that stock units were granted under Granite’s 2024 and 2021 Equity Incentive Plans and vest 100% ten days after the grant date, with one grant vesting quickly because he is retirement eligible. He also reports 8,260.8 shares held indirectly through an ESOP.
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.
Granite Construction Inc. Senior Vice President Michael G. Tatusko reported routine equity compensation activity. On March 13, 2026, he acquired grants totaling 13,896 shares of common stock at $0.0000 per share, recorded as stock unit awards under Granite’s 2021 and 2024 equity incentive plans with scheduled vesting.
On March 14, 2026, 880 shares were surrendered at $120.73 per share in tax-withholding dispositions tied to vesting of prior awards, not open-market sales. After these transactions, he holds 42,265.28 shares directly and 5,586.56 shares indirectly through an ESOP position.
Granite Construction Inc. Chief Financial Officer Staci M. Woolsey reported equity compensation grants and related tax share surrenders. On March 13, 2026, she received three awards of common stock totaling 1,656, 2,645 and 6,072 stock units at no cost under the company’s 2021 and 2024 equity incentive plans, with vesting over short- and multi‑year schedules.
On March 14, 2026, 1,021 common shares were surrendered at $120.73 per share to cover tax liabilities as the underlying awards vested, a non‑market, tax‑withholding disposition rather than an open‑market sale. Following these transactions, she directly holds 20,477 common shares.
Granite Construction’s President & CEO Kyle T. Larkin reported routine equity compensation and related tax withholding transactions. On March 13, 2026, he received several grants of common stock units under the company’s 2021 and 2024 Equity Incentive Plans, including awards that vest in three equal annual installments and an award that vests 100% ten days after the grant date. On March 14, 2026, shares were surrendered at $120.73 per share to cover taxes upon vesting of earlier awards originally granted in 2023, 2024, and 2025, which are classified as tax-withholding dispositions rather than open-market sales. After these transactions, Larkin directly owned 188,908 shares of Granite Construction common stock.
Granite Construction Incorporated plans to exchange $100 million of its 3.75% Convertible Senior Notes due 2028 through privately negotiated transactions with noteholders. The total cash and any stock consideration will be based on the 15‑day volume‑weighted average price of its common stock starting February 18, 2026.
If the average share price is at or below $140.00, all consideration will be paid in cash; above that level, a portion will be paid in common stock. Using the February 17, 2026 closing price of $128.61 as an example, the total purchase price would be about $283 million, entirely in cash.
After closing, $273.75 million principal amount of these notes is expected to remain outstanding, and the transactions are expected to remove about 2.2 million shares from diluted share count, partly offset if stock is issued. Granite is also partially unwinding related capped call options, with capped call counterparties paying cash to the company based on an averaging period starting February 18, 2026. The amendment also corrects an item reference so the disclosure is reported under termination of a material definitive agreement.
Granite Construction Incorporated has agreed to privately exchange $100 million principal amount of its 3.75% Convertible Senior Notes due 2028 for a mix of cash and, if pricing conditions are met, common stock. The exact mix will depend on the 15‑day volume‑weighted average share price beginning February 18, 2026.
If the daily average share price stays at $128.61, the prior closing price, the company estimates a total cash purchase price of about $283 million, including accrued interest. After closing, $273.75 million principal of these notes would remain outstanding, and management expects the transaction to remove roughly 2.2 million shares from diluted share count, partly offset by any new shares issued. Granite also entered Unwind Agreements to partially unwind capped call options linked to the exchanged notes, under which counterparties will pay cash to the company based on the stock’s volume‑weighted average price.
Granite Construction Inc. director John Timothy Romer reported an amended equity award. On September 15, 2025, he was granted 1,012 restricted stock units (reported as common stock) at a price of $0 per share. Following this correction, he beneficially owns 1,012 shares directly. The amendment clarifies the originally reported grant size.
Granite Construction director equity grant correction: A Form 4/A reports that director Molly C. Campbell received an award of 1,325 shares of Granite Construction Inc. common stock on August 12, 2025, coded as an acquisition at a price of $0 per share.
The filing states it is an amendment to correct the number of restricted stock units originally reported for that grant date. Following this adjustment, Campbell is shown as beneficially owning 12,326 shares of Granite Construction common stock in direct ownership.
Granite Construction Inc. director receives corrected stock award. A Form 4 amendment shows director Alan P. Krusi was granted 1,325 shares of Granite Construction common stock on August 12, 2025 as an acquired position at a price of $0, reflecting a restricted stock unit award. After this corrected grant, he beneficially owns 22,025 shares directly. The amendment specifically states it is being filed to correct the number of restricted stock units originally reported for that grant date.