GRANITE CONSTRUCTION INC·4

Mar 17, 4:36 PM ET

WOOLSEY STACI M 4

Research Summary

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Granite (GVA) CFO Staci Woolsey Receives Awards; Shares Surrendered for Taxes

What Happened
CFO Staci M. Woolsey received three stock-unit awards on March 13, 2026 totaling 10,373 units (1,656 + 2,645 + 6,072) granted at $0.00. Following vesting on March 14, 2026, 1,021 shares were surrendered to cover tax withholding (330, 316 and 375 shares) at $120.73 per share, for a total withholding value of $123,266.

Key Details

  • Transaction dates: awards granted 2026-03-13; shares surrendered for taxes 2026-03-14. Filing date: 2026-03-17 (period of report 2026-03-13).
  • Grant details: 10,373 stock units granted at $0.00 (codes A — award/acquisition).
  • Withholding details: 1,021 shares disposed (code F — payment of exercise price or tax liability) at $120.73 each; proceeds/withholding total $123,266 (breakdowns: $39,841; $38,151; $45,274).
  • Shares owned after the transactions: Not reported in the excerpt provided.
  • Relevant footnotes:
    • F1: Some units are under the 2024 Equity Incentive Plan and vest in three equal annual installments.
    • F2: Total includes dividend equivalents credited since the last report.
    • F3: Some units under the 2021 Plan vest 100% ten days after grant.
    • F4–F6: The surrendered shares correspond to tax withholding for vesting of grants with initial grant dates 3/14/23, 3/14/24 and 3/14/25.

Context
These transactions are awards and routine tax withholding on vesting (not open-market sales or purchases). The grants are equity awards that will vest per the noted schedules; the surrendered shares represent a common net-settlement to satisfy tax obligations upon vesting, not a discretionary sale for cash.