Form 4: Granite Construction Inc. Executive Brian R. Dowd Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Brian R. Dowd of Granite Construction Inc. reports the surrender of shares for taxes due to vesting and holdings through an ESOP.
Summary
- On March 24, 2024, Brian R. Dowd, a Senior Vice President at Granite Construction Inc., surrendered 6,584 shares of common stock to cover taxes due to vesting.
- The transaction was executed at a price of $55.03 per share.
- Following the transaction, Dowd directly owns 15,869 shares of common stock.
- Dowd also indirectly owns 5,269.7 shares through an Employee Stock Ownership Plan (ESOP).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an executive's stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock vesting.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of transaction: surrender of shares for taxes due to vesting. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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