Larkin Kyle T 4

What Happened
Kyle T. Larkin, President, CEO and Director of Granite Construction, surrendered a total of 40,062 shares to satisfy tax withholding obligations tied to vesting on March 23, 2026. The shares were surrendered at $119.65 per share in two tranches: 27,905 shares ($3,338,833) and 12,157 shares ($1,454,585), for a combined value of approximately $4,793,418. This was a tax-withholding transaction (routine) rather than an open-market sale or a purchase.

Key Details

• Transaction date: 2026-03-23; Filing date: 2026-03-25 (timely filing).
• Price per share: $119.65.
• Shares surrendered/disposed: 27,905 and 12,157; total 40,062 shares.
• Aggregate value: $3,338,833 and $1,454,585; total ≈ $4,793,418.
• Transaction code: F (shares surrendered for taxes due to vesting). Footnote: F1 — shares surrendered for taxes due to vesting on March 23, 2026.
• Shares owned after the transaction: not specified in the Form 4 filing.

Context
This was a tax-withholding/cashless-style surrender of vested shares, a common administrative transaction that does not necessarily indicate the insider's view on the stock. Because the shares were surrendered to cover taxes rather than sold on the open market, it is generally treated as routine compensation-related activity rather than a directional insider trade.