GVA GRANITE CONSTRUCTION INC
Price Chart
Executive Summary
Two senior vice presidents at Granite Construction sold shares worth ~$2.0M in total on June 8, 2026, one week after the company announced a $600M senior notes offering to refinance convertible debt and repay revolver borrowings. The insider sales occur inside the cross-filing window of the notes issuance (Item 1.01 material agreement), which may imply these executives were informed of the deal structure and executed sales accordingly. The dollar amount represents ~0.03% of market cap — trivial relative to company size — and no C-suite officers (CEO/CFO) participated in selling, limiting the bearish signal.
Key Financial Metrics
Actionable Insight
The sale value is too small to convey material negative information — treat as routine diversification by non-C-suite officers. Monitor upcoming Q2 earnings for any margin impact from the debt refinancing and the non-cash derivative liability charge. The $600M notes deal is the more significant event for the capital structure.
Key Facts
- Two senior VPs sold a combined 14,234 shares at $141/share on June 8, 2026
- Total sale proceeds: ~$2.0M (0.03% of $6.1B market cap)
- No CEO, CFO, or other C-suite officer sold shares
- Four directors received non-cash share grants (no economic value) totaling ~$0
- Sales occurred 7 days after the company priced $600M senior notes (6.375% due 2034)
- Proceeds from the notes offering will redeem $273.7M convertible notes and repay revolver borrowings
Financial Impact
Insider sales of ~$2.0M represent 0.03% of $6.1B market cap
Risk Factors
- Larger insider sales may emerge after the notes offering blackout window lifts
- The non-cash derivative charge from convertible note repurchase could distort reported Q3 earnings
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GVA-1781037555606 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $139.80 awaiting T+1 | awaiting T+1 | — | $140.60 (+0.57%) |
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $139.80 awaiting T+1 | awaiting T+1 | — | $140.60 (+0.57%) |
|
Jun 8, 2026
4d ago
|
Insider Cluster
| $139.80 awaiting T+1 | awaiting T+1 | — | $140.60 (+0.57%) |
|
Jun 2, 2026
10d ago
|
8-K
| $139.03 $141.57 | ▲ +1.83% | ▲ +1.43% | $140.60 (+1.13%) |
|
May 18, 2026
26d ago
|
8-K
| $137.28 $132.46 | ▼ −3.51% | ▼ −2.86% | $140.60 (+2.42%) |
|
Mar 27, 2026
11w ago
|
Insider Cluster
| $118.01 $116.36 | ▲ +1.40% | ▲ +1.04% | $140.60 (−19.14%) |
|
Mar 19, 2026
12w ago
|
Insider Cluster
| $120.01 $116.06 | ▼ −3.29% | ▼ −1.55% | $140.60 (+17.16%) |
|
Mar 19, 2026
12w ago
|
Insider Cluster
| $120.01 $116.06 | ▲ +3.29% | ▲ +1.55% | $140.60 (−17.16%) |
|
Mar 9, 2026
13w ago
|
GOVT-CONTRACT
| $125.38 $124.33 | ▼ −0.84% | ▼ −0.65% | $140.60 (+12.14%) |
US Market Status
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