Form 4: Granite Construction SVP Reports Stock Transactions
Insider Transaction Report
Michael G. Tatusko, Senior Vice President of Granite Construction Inc., reported acquisitions of stock units and dispositions of shares for tax purposes.
Summary
- Michael G. Tatusko, Senior Vice President of Granite Construction Inc. (GVA), reported multiple transactions involving common stock.
- On March 13, 2026, Tatusko acquired 1,242 stock units under the 2024 Equity Incentive Plan, which vest in three equal annual installments.
- Also on March 13, 2026, Tatusko acquired a total of 12,654 stock units (3,840 + 8,814) under the 2021 Equity Incentive Plan, which vest 100% ten days after the grant date.
- On March 14, 2026, Tatusko disposed of a total of 880 shares (371 + 275 + 234) of common stock at a price of $120.73 per share to cover tax obligations related to the vesting of previously granted stock.
- Following these transactions, Tatusko directly beneficially owns 42,265.28 shares of common stock and indirectly owns 5,586.56 shares through an ESOP.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, reflecting routine insider transactions related to equity compensation and tax obligations, with no significant positive or negative implications for the company's operational or financial health.
Positives
- Acquisition of 1,242 stock units under the 2024 Equity Incentive Plan.
- Acquisition of 12,654 stock units under the 2021 Equity Incentive Plan.
- Increase in total direct beneficial ownership to 42,265.28 shares after acquisitions and tax-related dispositions.
- Indirect ownership of 5,586.56 shares through an ESOP, adjusted for dividend reinvestment.
Negatives
- Disposition of 880 shares of common stock at $120.73 per share to cover tax liabilities associated with stock vesting.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider transaction reports like this Form 4 provide transparency into executive compensation and ownership, which is a standard practice across all publicly traded companies in the construction and infrastructure industry.
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and compensation practices.
- Employees: Reflects the company's equity incentive plans, which can be a component of employee compensation for eligible personnel.
Next Steps
- Vesting of 1,242 stock units in three equal annual installments on the first, second, and third anniversaries of the March 13, 2026 grant date.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | Initial grant date for shares that vested on March 14, 2026, leading to tax disposition. |
| 03/14/2024 | Initial grant date for shares that vested on March 14, 2026, leading to tax disposition. |
| 03/14/2025 | Initial grant date for shares that vested on March 14, 2026, leading to tax disposition. |
| 10/15/2025 | Date dividend equivalents (DEUs) were credited to the reporting person. |
| 01/15/2026 | Date dividend equivalents (DEUs) were credited to the reporting person. |
| 03/13/2026 | Date of acquisition of 1,242 stock units under the 2024 Equity Incentive Plan and 12,654 stock units under the 2021 Equity Incentive Plan. |
| 03/14/2026 | Date of disposition of 880 shares for tax purposes due to vesting. |
| 03/17/2026 | Date the Form 4 was signed. |
Keywords
Granite Construction, GVA, Form 4, Insider Trading, Stock Units, Equity Incentive Plan, Beneficial Ownership, Michael G. Tatusko, Senior Vice President
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