Brian R. Dowd - 28 Feb 2025 Form 4 Insider Report for GRANITE CONSTRUCTION INC (GVA)

Signature
/s/ Betty Kwong, attorney-in-fact for Brian R. Dowd
Issuer symbol
GVA
Transactions as of
28 Feb 2025
Net transactions value
-$165,139
Form type
4
Filing time
28 Feb 2025, 16:33:39 UTC
Previous filing
26 Mar 2024
Next filing
18 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GVA Common Stock Sale $165,139 -2,025 -13% $81.55 13,880 28 Feb 2025 Direct F1, F2
holding GVA Common Stock 5,270 28 Feb 2025 By ESOP
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The reported sale of 2,025 shares occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 19, 2024.
F2 Total adjusted to include dividend equivalents (DEUs: 11 - 4/15/24; 10 - 7/15/24; 8 - 10/15/24; 7 - 1/15/25) credited to the Reporting Person under the dividend reinvestment feature of Granite Construction Incorporated's equity plans since the Reporting Person's last report.