Estes Bradly J 4
4 · GRANITE CONSTRUCTION INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Granite (GVA) SVP Bradly Estes Receives Awards, Surrenders 201 Shares
What Happened
Bradly J. Estes, Senior Vice President of Granite Construction (GVA), was granted stock units and then surrendered 201 shares to cover taxes on vested units. On 2026-03-13 he was credited with two awards totaling 2,901 stock units (1,242 and 1,659 units). On 2026-03-14 he had 201 shares disposed (surrendered) at a reported price of $120.73 each, totaling $24,267, to satisfy tax withholding related to vesting.
Key Details
- Transaction dates and types: Grants/awards on 2026-03-13 (codes A); share surrender for tax withholding on 2026-03-14 (code F).
- Prices/values: 201 shares surrendered at $120.73 each = $24,267 reported disposed value.
- Grant terms (footnotes):
- F1: Units under the 2024 Equity Incentive Plan vest in three equal annual installments (first, second, third anniversaries).
- F3: Units under the 2021 Equity Incentive Plan vest 100% ten days after grant.
- F2: Grant totals were adjusted to include dividend equivalents credited since the last report.
- F4: The 201 shares were surrendered for taxes due to vesting on 3/14/2026 (initial grant date 3/14/2025).
- Shares owned after the transaction: Not specified in the filing.
- Timeliness: Filing date 2026-03-17; transactions occurred 3/13–3/14. Filing appears timely (within required reporting window).
- Other: Filing references an exhibit for power of attorney (POA).
Context
This filing reflects standard equity compensation activity: receipt of stock-unit awards and the surrender of shares to satisfy tax withholding on vested units. The surrender is a tax-related disposition (not an open-market sale) and should not be read as a buy/sell signal about the company.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-13+1,242→ 10,939 total - Award
Common Stock
[F3]2026-03-13+1,659→ 12,598 total - Tax Payment
Common Stock
[F4]2026-03-14$120.73/sh−201$24,267→ 12,397 total
Footnotes (4)
- [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: 16 - 4/15/25; 13 - 7/15/25; 11 - 10/15/25; 10 - 1/15/26) credited to the Reporting Person under the dividend reinvestment feature of the Granite Construction Incorporated's 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 3/14/25).