Form 4: Granite Construction CFO Staci M. Woolsey Reports Stock Transaction
SEC Form 4 Filing
Staci M. Woolsey, CFO of Granite Construction Inc., reports the disposition of 135 shares of common stock to cover tax obligations resulting from vesting equity.
Summary
- On September 24, 2024, Staci M. Woolsey, the Chief Financial Officer of Granite Construction Inc., disposed of 135 shares of common stock.
- The transaction was executed to cover taxes due upon the vesting of shares granted initially on September 24, 2021.
- The shares were disposed of at a price of $79.58 per share.
- Following the transaction, Woolsey directly owns 5,446 shares of Granite Construction Inc.
- This total includes dividend equivalents credited to Woolsey under the company's equity plans.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a significant change in the executive's holdings or sentiment towards the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a standard tax-related stock transaction and doesn't necessarily reflect a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 09/24/2021 | Initial grant date of shares that vested on 09/24/2024 |
| 04/15/2024 | Date of dividend equivalents (DEUs: 9) credited to the Reporting Person |
| 07/15/2024 | Date of dividend equivalents (DEUs: 8) credited to the Reporting Person |
| 09/24/2024 | Date of transaction: Disposition of 135 shares for tax obligations. |
| 09/25/2024 | Date of Form 4 filing. |
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