Form 4: Granite Construction Director Molly Campbell Reports Acquisition of Restricted Stock Units

Director Molly Campbell reported the acquisition of 2,255 restricted stock units in Granite Construction, vesting on May 20, 2025, along with adjustments for dividend equivalents.

Summary

• Molly Campbell, a director of Granite Construction Inc. (GVA), filed a Form 4 on June 12, 2024, reporting changes in beneficial ownership.
• On June 11, 2024, Campbell acquired 2,255 shares of Common Stock in the form of restricted stock units (RSUs) granted under the Granite Construction Incorporated 2024 Equity Incentive Plan.
• These restricted stock units were acquired at a price of $0 and vest on May 20, 2025.
• Following the transaction, Campbell beneficially owns 17,512 shares of Common Stock, which includes adjustments for dividend equivalents (DEUs) credited to her account since her last report.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects a standard transaction of stock units to a director, indicating alignment with company goals and confidence. There are no negative implications.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.
• The vesting schedule aligns the director's interests with the long-term success of the company.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Stakeholder Impact

• The acquisition of restricted stock units by a director can positively influence shareholder confidence.

Key Dates