Form 4: Granite Construction CFO Staci M. Woolsey Reports Changes in Beneficial Ownership

Staci M. Woolsey, CFO of Granite Construction, reports acquisition of stock units and adjustments for dividend equivalents.

Summary

• Staci M. Woolsey, Chief Financial Officer of Granite Construction Inc., filed a Form 4 on November 6, 2024, reporting changes in beneficial ownership of the company's stock.
• The report indicates that Ms. Woolsey acquired 1,094 shares of common stock on November 5, 2024, as stock units granted under the 2024 Equity Incentive Plan.
• These stock units vest in three equal annual installments from the grant date.
• The report also reflects an adjustment to her holdings to include dividend equivalents (DEUs: 6 10/15/24) credited under the company's equity plans.
• Following the reported transactions, Ms. Woolsey beneficially owns 6,546 shares of Granite Construction Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock ownership changes. The acquisition of stock units and dividend equivalents is a slightly positive sign, indicating alignment of management's interests with shareholders.

Positives

• The acquisition of stock units by the CFO aligns her interests with those of the shareholders.
• The dividend reinvestment feature of the equity plans allows for increased ownership over time.

Future Outlook

The stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the CFO's stake in the company.
• The vesting schedule of the stock units may incentivize the CFO to focus on long-term value creation.

Key Dates