Form 4: Granite Construction CEO Kyle Larkin Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
CEO Kyle Larkin of Granite Construction disposed of 41,384 shares of common stock on March 24, 2024, to cover tax obligations arising from vesting.
Summary
- On March 24, 2024, Kyle T. Larkin, the President & CEO of Granite Construction Inc., disposed of 41,384 shares of common stock.
- The disposal was executed to cover tax obligations related to vesting shares.
- The shares were disposed of at a price of $55.03 per share.
- Following the transaction, Larkin directly owns 128,129 shares of Granite Construction Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of transaction: Disposal of shares for tax obligations. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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