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.
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
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
Investment Themes
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 | ||||
|---|---|---|---|---|---|
Aug 13, 2026 7w ago | 8-K | $127.10 $114.41 | ▼ −9.98% | ▼ −7.99% | $118.88 (−6.47%) |
Aug 7, 2026 8w ago | 8-K | $128.32 $119.30 | ▼ −7.03% | ▼ −6.63% | $118.88 (−7.36%) |
Aug 4, 2026 8w ago | 8-K | $122.11 $117.93 | ▼ −3.42% | ▼ −2.19% | $118.88 (−2.65%) |
Jul 30, 2026 9w ago | 8-K | $114.92 $124.71 | ▲ +8.52% | ▲ +4.55% | $118.88 (+3.45%) |
Jun 15, 2026 15w ago | Insider Cluster | $145.18 $120.93 | ▼ −16.70% | ▼ −16.90% | $118.88 (−18.12%) |
Jun 8, 2026 16w ago | Insider Cluster | $140.05 $144.07 | ▲ +2.87% | ▲ +1.42% | $118.88 (−15.12%) |
Jun 8, 2026 16w ago | Insider Cluster | $140.05 $144.07 | ▲ +2.87% | ▲ +1.42% | $118.88 (−15.12%) |
Jun 8, 2026 16w ago | Insider Cluster | $140.05 $144.07 | ▲ +2.87% | ▲ +1.42% | $118.88 (−15.12%) |
Jun 2, 2026 17w ago | 8-K | $139.03 $145.93 | ▲ +4.96% | ▲ +5.96% | $118.88 (−14.49%) |
May 18, 2026 19w ago | 8-K | $137.28 $145.18 | ▲ +5.75% | ▲ +4.17% | $118.88 (−13.40%) |
US Market Status
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