Estes Bradly J 4

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.