Dowd Brian R 4

What Happened
Brian R. Dowd, Senior Vice President of Granite Construction, surrendered a total of 6,355 shares to cover tax withholding on vested awards. The surrender occurred in three lots on March 23, 2026: 3,986 shares, 1,737 shares, and 632 shares, each at $119.65 per share, representing proceeds withheld of $476,925, $207,832, and $75,619 respectively (total ≈ $760,376). This was a tax-withholding disposition (code F), not an open-market sale or a new purchase.

Key Details

• Transaction date: March 23, 2026; filing date: March 25, 2026 (appears timely).
• Price per share: $119.65 for all lots.
• Lots and values: 3,986 shares ($476,925); 1,737 shares ($207,832); 632 shares ($75,619); total surrendered = 6,355 shares (~$760,376).
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 indicates shares were surrendered to satisfy taxes due to vesting on March 23, 2026.
• Transaction code: F = tax withholding/share surrender (routine administrative action).

Context
This was a routine tax-withholding action related to vesting of equity (a cashless “share surrender”), not a discretionary sale intended to take a position in the market. Such transactions are common when restricted stock units or other equity awards vest and do not necessarily indicate the insider’s view of the company’s stock.