Form 4: Granite Construction SVP Brian R. Dowd Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Senior Vice President Brian R. Dowd reports stock unit grants, vesting, and tax-related share surrenders in Granite Construction Inc.
Summary
- Brian R. Dowd, a Senior Vice President at Granite Construction Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On March 14, 2024, Dowd acquired 2,296 shares of common stock and 12,991 stock units, both at $0.
- He also disposed of 302, 514, and 419 shares at $54.44 each to cover taxes due to vesting of stock units granted on June 2, 2021, March 14, 2022, and March 14, 2023, respectively.
- Following these transactions, Dowd directly owns 9,462 shares of common stock and indirectly owns 5,269.7 shares through an ESOP.
- He also directly owns 22,453 stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/14/2022 | Initial grant date of stock units that vested on March 14, 2024 |
| 06/02/2021 | Initial grant date of stock units that vested on March 14, 2024 |
| 03/14/2023 | Initial grant date of stock units that vested on March 14, 2024 |
| 03/14/2024 | Date of transaction: stock unit grants, vesting, and tax-related share surrenders |
| 03/18/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.