Larkin Kyle T 4

What Happened
Kyle T. Larkin, President & CEO and a director of Granite Construction (GVA), received three equity awards on 2026-03-13 totaling 87,019 stock units (grants reported at $0.00). Following vesting events, he surrendered 7,580 shares on 2026-03-14 to cover tax withholding obligations; those shares were recorded as disposed at $120.73 each, totaling $915,133.

Key Details

• Grants (reported as A on Form 4, 2026-03-13): 8,282; 23,893; and 54,844 stock units (total 87,019). All grants reported at $0.00.
• Tax withholding (reported as F on Form 4, 2026-03-14): surrendered 2,982 shares ($360,017), 2,525 shares ($304,843), and 2,073 shares ($250,273); total surrendered = 7,580 shares for $915,133.
• Footnotes: grants issued under Granite equity plans. Notable items: some units (2024 Plan) vest in three equal annual installments (F1); some units (2021 Plan) vest 100% ten days after grant (F3); dividend equivalents were credited (F2). F4–F6 indicate shares surrendered to satisfy taxes for vesting tied to prior grant dates (3/14/23, 3/14/24, 3/14/25).
• Shares owned after the transaction are not disclosed in the provided excerpt.
• Filing: Form 4 filed 2026-03-17 (reporting period 2026-03-13). Transaction appears to be timely; no late-filing indication in the filing excerpt.
• Remarks: exhibit notes a power of attorney (POA).

Context
These were equity awards (stock units) and routine tax-withholding share surrenders, not open-market sales. Stock-unit grants are typically long-term compensation that may vest over time; the surrendered shares were used solely to cover tax obligations upon vesting. Such withholding transactions are common and do not necessarily indicate the insider’s market view.