Granite Construction CEO Larkin's New Employment Agreement
Ticker: GVA · Form: 8-K · Filed: May 14, 2024 · CIK: 861459
Sentiment: neutral
Topics: executive-compensation, employment-agreement
Related Tickers: GVA
TL;DR
Granite Construction inked a new deal with CEO Kyle Larkin, locking in his pay and bonus structure.
AI Summary
Granite Construction Inc. announced on May 13, 2024, changes in its executive compensation arrangements. Specifically, the company entered into a new employment agreement with its Chief Executive Officer, Kyle L. Larkin, effective May 13, 2024. The agreement details his base salary, potential bonus, and equity awards.
Why It Matters
This filing clarifies the terms of the CEO's employment, providing transparency to investors regarding compensation and incentivization for future performance.
Risk Assessment
Risk Level: low — The filing concerns standard executive compensation adjustments and does not indicate any significant operational or financial risks.
Key Players & Entities
- Granite Construction Inc. (company) — Registrant
- Kyle L. Larkin (person) — Chief Executive Officer
- May 13, 2024 (date) — Effective date of employment agreement
FAQ
What is the effective date of Kyle L. Larkin's new employment agreement?
The new employment agreement for Kyle L. Larkin is effective as of May 13, 2024.
What is Granite Construction Inc.'s principal executive office address?
Granite Construction Inc.'s principal executive offices are located at 585 West Beach Street, Watsonville, California 95076.
What is the IRS Employer Identification Number for Granite Construction Inc.?
The IRS Employer Identification Number for Granite Construction Inc. is 77-0239383.
Under which section of the Securities Exchange Act is this Form 8-K filed?
This Form 8-K is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What is the Commission File Number for Granite Construction Inc.?
The Commission File Number for Granite Construction Inc. is 001-12911.
Filing Stats: 591 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-05-14 16:46:28
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value GVA New York Stock Exchange
Filing Documents
- gva-20240513.htm (8-K) — 27KB
- 0000861459-24-000022.txt ( ) — 147KB
- gva-20240513.xsd (EX-101.SCH) — 2KB
- gva-20240513_lab.xml (EX-101.LAB) — 21KB
- gva-20240513_pre.xml (EX-101.PRE) — 12KB
- gva-20240513_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GRANITE CONSTRUCTION INCORPORATED By: /s/ M. Craig Hall M. Craig Hall Senior Vice President, General Counsel and Secretary Date: May 14, 2024