Form 4: Granite Construction Director Carlos M. Hernandez Reports Acquisition of Restricted Stock Units

Director Carlos M. Hernandez reports acquisition of 2,255 restricted stock units in Granite Construction Inc. under the 2024 Equity Incentive Plan.

Summary

• Carlos M. Hernandez, a director of Granite Construction Inc., filed a Form 4 on June 12, 2024, reporting a transaction that occurred on June 11, 2024.
• The transaction involved the acquisition of 2,255 shares of Common Stock through the granting of restricted stock units.
• These restricted stock units were granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan.
• The restricted stock units vest on May 20, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard executive compensation practices and aligns management interests with shareholders.

Positives

• The granting of restricted stock units aligns the director's interests with those of the shareholders, incentivizing performance and long-term value creation.

Future Outlook

Not applicable, as this is a report of a past transaction.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.

Stakeholder Impact

• The granting of restricted stock units can positively impact shareholders by aligning management's interests with the company's long-term success.

Key Dates