Form 4: Granite Construction Director Molly Campbell Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Molly Campbell sold shares of Granite Construction stock on March 12, 2025, to cover personal income tax liabilities.
Summary
- On March 12, 2025, Molly Campbell, a director of Granite Construction Inc., sold 1,801 shares of common stock at $72.54 per share.
- Additionally, Campbell sold 269 shares at $72.78 per share on the same day.
- These sales were executed to cover personal income tax liabilities.
- Following these transactions, Campbell directly owns 10,989 shares of Granite Construction Inc.
- The total adjusted shares include dividend equivalents credited to Campbell under Granite Construction Incorporated's equity plans since the last report.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock sales for tax purposes, a routine financial activity.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of company directors and officers.
Stakeholder Impact
- The stock sales by a director could have a minor negative impact on shareholder sentiment, but the reason for the sale (tax obligations) is generally understood.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Dividend equivalents (DEUs: 8 1/15/25) 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. |
| 03/12/2025 | Molly Campbell sold 1,801 shares of common stock at $72.54 per share and 269 shares at $72.78 per share. |
| 03/12/2025 | Date of signature by Betty Kwong, attorney-in-fact for Molly C. Campbell. |
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