Dowd Brian R 4

What Happened Brian R. Dowd, Senior Vice President of Granite Construction, was granted three awards on 2026-03-13 totaling 12,489 stock units (1,242 + 3,413 + 7,834). Each grant is reported at $0.00 per unit (award/grant code A). According to the filing, the units vest 100% ten days after the grant date (see footnotes), so these awards will convert to shares shortly after vesting rather than representing an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-13; Filing date (Form 4): 2026-03-17 (filed within the typical reporting window).
• Grants: 1,242 units; 3,413 units; 7,834 units — total 12,489 stock units; price reported $0.00 (award).
• Shares owned after transaction: not specified in the provided summary of the filing.
• Footnotes:
  • F1: Units granted under the Granite Construction Incorporated 2024 Equity Incentive Plan; vest 100% ten days after grant due to Mr. Dowd being retirement eligible.
  • F2: Units granted under the Granite Construction Incorporated 2021 Equity Incentive Plan; vest 100% ten days after grant.
• No indication in the filing that these were sales, purchases in the open market, or part of a 10b5-1 plan.

Context These are compensation awards (stock units) rather than purchases or sales. Awards that vest soon (here, 10 days) typically convert into shares upon vesting and are often part of executive compensation or retirement-related settlements — they do not, by themselves, indicate intent to buy or sell stock in the open market.