Form 4: Granite Construction SVP Sells Shares via 10b5-1 Plan

Granite Construction Senior Vice President Brian R. Dowd sold 2,025 shares of common stock for $110.16 per share on August 28, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Brian R. Dowd, Senior Vice President of Granite Construction Inc. (GVA), disposed of 2,025 shares of common stock.
• The transaction occurred on August 28, 2025, at a price of $110.16 per share.
• The sale was executed automatically pursuant to a Rule 10b5-1 trading plan adopted by Mr. Dowd on November 19, 2024.
• Following the transaction, Mr. Dowd directly beneficially owns 14,685 shares of common stock.
• Additionally, Mr. Dowd indirectly beneficially owns 5,269.5 shares through an ESOP.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, the execution under a Rule 10b5-1 plan mitigates any negative perception, as it indicates a pre-scheduled transaction not based on immediate, non-public information.

Positives

• The transaction was executed under a Rule 10b5-1 trading plan, indicating a pre-scheduled sale not based on immediate, non-public information, which enhances transparency and reduces concerns about opportunistic insider trading.

Negatives

• Senior Vice President Brian R. Dowd reduced his direct beneficial ownership in Granite Construction Inc. by 2,025 shares.

Future Outlook

NA

Industry Context

This filing reports a routine insider transaction under a pre-arranged trading plan, which is a common practice for executives to manage their equity holdings for diversification or liquidity purposes. It does not provide broader industry context or strategic updates.

Stakeholder Impact

• Shareholders: May observe a slight reduction in direct insider ownership, though the 10b5-1 plan context generally lessens concerns about the signal of the sale.

Key Dates

Keywords

Granite Construction, GVA, Insider Sale, 10b5-1 Plan, Brian R. Dowd, Common Stock, SEC Form 4