Tatusko Michael G 4
4 · GRANITE CONSTRUCTION INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Granite Construction (GVA) SVP Michael Tatusko Receives Award
What Happened
Michael G. Tatusko, Senior Vice President of Granite Construction (GVA), received equity awards on March 13, 2026 totaling 13,896 stock units (three separate grants). The awards were reported at $0 (stock units/RSUs). On March 14, 2026, Tatusko surrendered 880 shares (371, 275 and 234 shares) to satisfy tax withholding related to vesting; those surrendered shares were reported disposed at $120.73 per share for total reported value of $106,243.
Key Details
- Transactions reported:
- 2026-03-13: Awards (code A) — 1,242; 3,840; and 8,814 stock units (total 13,896) at $0.00 (award grants).
- 2026-03-14: Tax withholding (code F) — 371 shares @ $120.73 = $44,791; 275 shares @ $120.73 = $33,201; 234 shares @ $120.73 = $28,251. Total = $106,243.
- Filing: Report filed 2026-03-17 covering transactions with a period of report 2026-03-13 (appears timely within standard Form 4 timing).
- Shares owned after the transactions: Not disclosed in the provided filing data.
- Notable footnotes:
- F1/F3: Awards granted under Granite’s 2024 and 2021 Equity Incentive Plans; vesting schedules differ (some vest in three equal annual installments, some vest 100% shortly after grant).
- F2/F7: Dividend equivalents were credited to the award amounts.
- F4–F6: The surrendered shares were specifically withheld to cover taxes due upon vesting of prior grants.
Context
These filings reflect equity awards (acquisitions of stock units) followed by routine tax-withholding share surrenders. This is common when RSUs vest and companies withhold or accept shares to cover taxes; it is not the same as an open-market sale for investment purposes. The reported per-share price ($120.73) is the withholding valuation used for the disposals.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-13+1,242→ 30,491.28 total - Award
Common Stock
[F3]2026-03-13+3,840→ 34,331.28 total - Award
Common Stock
[F3]2026-03-13+8,814→ 43,145.28 total - Tax Payment
Common Stock
[F4]2026-03-14$120.73/sh−371$44,791→ 42,774.28 total - Tax Payment
Common Stock
[F5]2026-03-14$120.73/sh−275$33,201→ 42,499.28 total - Tax Payment
Common Stock
[F6]2026-03-14$120.73/sh−234$28,251→ 42,265.28 total
- 5,586.56(indirect: By ESOP)
Common Stock
[F7]
Footnotes (7)
- [F1]Stock units granted pursuant to the Granite Construction Incorporated 2024 Equity Incentive Plan. The stock units vest in three equal annual installments on the first, second and third anniversaries of the grant date.
- [F2]Total adjusted to include dividend equivalents (DEUs: 4 - 10/15/25; 4 - 1/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated equity plans since the Reporting Person's last report.
- [F3]Stock units granted pursuant to the Granite Construction Incorporated 2021 Equity Incentive Plan. The stock units vest 100% ten days after the date of grant.
- [F4]Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/23).
- [F5]Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/24).
- [F6]Shares surrendered for taxes due to vesting on March 14, 2026 (initial grant date 3/14/25).
- [F7]Adjusted to reflect dividends earned under the dividend reinvestment feature of the ESOP Plan since the Reporting Person's last report.