Form 4: Granite CFO Sells Shares for Tax Obligations

Granite Construction's CFO, Staci M. Woolsey, disposed of 187 shares of common stock to cover tax obligations related to a vesting event.

Summary

• Staci M. Woolsey, Chief Financial Officer of Granite Construction Inc. (GVA), reported a transaction involving the company's common stock.
• On November 5, 2025, Ms. Woolsey disposed of 187 shares of common stock at a price of $102.76 per share.
• This disposal was to cover tax obligations arising from the vesting of equity awards on the same date.
• The initial grant date for these vested shares was November 5, 2024.
• Following this transaction, Ms. Woolsey beneficially owns 12,620 shares of Granite Construction common stock.
• This total includes dividend equivalents (DEUs) credited on April 15, 2025 (8 DEUs), July 15, 2025 (7 DEUs), and October 15, 2025 (6 DEUs) under the company's dividend reinvestment feature.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax purposes following an equity award vesting, which is a common compensation event for executives. It does not reflect a change in management's outlook on the company.

Positives

• The underlying equity award vesting represents a successful compensation event for the Chief Financial Officer.
• The inclusion of dividend equivalents (DEUs) in the beneficial ownership indicates the company's dividend policy and the executive's participation in the dividend reinvestment feature.

Negatives

• A slight reduction in direct insider ownership due to the sale of 187 shares.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: A minor, routine reduction in direct insider ownership, which is not typically seen as a significant indicator of company performance or management confidence.

Key Dates

Recommendation

This Form 4 details a routine, non-discretionary sale of shares by a company officer to cover tax liabilities upon the vesting of equity awards. Such transactions are common and generally do not reflect a change in the officer's confidence in the company's future prospects or warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate as this filing does not provide new fundamental information to alter an existing investment thesis.

Keywords

Granite Construction, GVA, Staci M. Woolsey, CFO, Form 4, Insider Transaction, Stock Sale, Tax Obligations, Equity Vesting, Dividend Equivalents