Form 4: Granite Construction CEO Kyle Larkin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO Kyle Larkin reports acquisition and disposal of Granite Construction stock and stock units, primarily related to vesting and tax obligations.
Summary
- On March 14, 2025, Kyle T. Larkin, President & CEO of Granite Construction Inc., reported changes in his beneficial ownership of the company's common stock.
- Larkin acquired 12,153 shares of common stock, 26,381 stock units, and 58,411 stock units at $0.
- He also disposed of 3,320, 2,961, and 2,507 shares of common stock at $74.05 per share to cover tax obligations related to vesting stock units.
- Following these transactions, Larkin beneficially owns 182,185 shares of Granite Construction Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to stock unit vesting and tax obligations, which are common occurrences for executives with equity compensation.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms and tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Initial grant date for stock units vesting on 03/14/2025 |
| 03/14/2023 | Initial grant date for stock units vesting on 03/14/2025 |
| 03/14/2024 | Initial grant date for stock units vesting on 03/14/2025 |
| 01/15/2025 | Date of dividend equivalents credited to the Reporting Person |
| 03/14/2025 | Date of reported transactions: acquisition and disposal of shares and stock units. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.