Form 4: Granite Construction Director Louis E. Caldera Reports Stock Sale to Cover Tax Obligations

Director Louis E. Caldera of Granite Construction Inc. reports selling 1,263 shares of common stock at $50 per share to cover personal income tax liability.

Summary

• On February 27, 2024, Louis E. Caldera, a director of Granite Construction Inc. (GVA), reported a transaction involving the company's common stock.
• Caldera sold 1,263 shares at a price of $50 per share.
• This sale was executed to cover personal income tax liability.
• Following the transaction, Caldera beneficially owns 8,528 shares of Granite Construction Inc.
• This total includes dividend equivalents (DEUs) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated's equity plans since the Reporting Person's last report.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by a director to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This transaction is a common occurrence where executives sell shares to cover tax obligations.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates