Form 4: Granite Construction CEO Kyle Larkin Reports Stock Transaction
SEC Form 4 Filing
CEO Kyle Larkin reports disposition of shares to cover taxes due to vesting.
Summary
- On June 3, 2024, Kyle T. Larkin, President & CEO of Granite Construction Inc., disposed of 4,364 shares of common stock to cover taxes due to vesting.
- The shares were disposed of at a price of $61.29 per share.
- Following the transaction, Larkin directly owns 123,859 shares of Granite Construction Inc.
- This includes dividend equivalents (DEUs: 94 4/15/24) credited to the Reporting Person under the dividend reinvestment feature of Granite Construction Incorporated's equity plans since the Reporting Person's last report.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to executive compensation.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the standard practice of covering tax obligations upon vesting of stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock transaction (disposal of shares for taxes due to vesting) |
| 06/04/2024 | Date of report signature |
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