Form 4: Granite Construction Inc. Executive Reports Stock Transaction
SEC Form 4 Filing
Michael G. Tatusko, Senior Vice President of Granite Construction Inc., reports the disposition of shares to cover tax obligations upon vesting.
Summary
- On March 24, 2024, Michael G. Tatusko, a Senior Vice President at Granite Construction Inc. (GVA), surrendered 5,477 shares of common stock to cover taxes due to vesting.
- The shares were surrendered at a price of $55.03 per share.
- Following the transaction, Tatusko directly owns 26,922.28 shares of Granite Construction Inc.
- Tatusko also indirectly owns 5,516.25 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax obligation fulfillment related to stock vesting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of stock transaction (shares surrendered for taxes). |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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