Form 4: Granite Construction Inc. Executive Brian R. Dowd Sells Shares Under 10b5-1 Plan

Senior Vice President Brian R. Dowd of Granite Construction Inc. sold 2,025 shares of common stock at $81.55 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 28, 2025, Brian R. Dowd, a Senior Vice President at Granite Construction Inc., sold 2,025 shares of the company's common stock.
• The sale was executed at a price of $81.55 per share.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted by Dowd on November 19, 2024.
• Following the transaction, Dowd directly owns 13,880 shares of Granite Construction Inc. common stock and indirectly owns 5,269.5 shares through an ESOP.
• The reported holdings include dividend equivalents credited to Dowd under the company's equity plans since his last report.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing regarding an insider stock sale, which is neither particularly positive nor negative.

Industry Context

This is a routine disclosure of an insider stock sale. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.

Key Dates