GVA GRANITE CONSTRUCTION INC
Price Chart
Executive Summary
Two senior vice presidents at Granite Construction sold a combined $2.01M in open-market sales on June 8, 2026, just six days after the company closed a $600M senior notes offering. While the dollar amount is modest relative to the $6.2B market cap (0.03%), the cluster's proximity to a material debt refinancing event warrants attention, though the sales are likely liquidity-driven following the convertible note redemption.
Key Financial Metrics
Actionable Insight
The insider sales are small and likely tied to personal liquidity following the convertible note redemption event. Monitor for any additional insider selling in the next 30 days; a larger cluster would be more concerning. The debt refinancing itself is credit-positive for the company.
Key Facts
- Two senior VPs sold 14,234 shares total for $2.01M on June 8, 2026
- Sales represent 0.03% of GVA's $6.2B market cap
- Cluster occurred 6 days after Granite issued $600M of 6.375% senior notes due 2034
- Proceeds from the notes offering will redeem $273.7M of 3.75% convertible notes due 2028
- Both sales were open-market transactions (code S), not 10b5-1 plan sales
Financial Impact
Insider sales of $2.01M represent 0.03% of market cap — trivial in absolute terms
Risk Factors
- Further insider selling could signal management concern about near-term outlook
- The $500M non-cash derivative liability charge from the convertible redemption may pressure reported earnings
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GVA-1780951472934 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $139.80 awaiting T+1 | awaiting T+1 | — | $139.85 (+0.04%) |
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $139.80 awaiting T+1 | awaiting T+1 | — | $139.85 (+0.04%) |
|
Jun 8, 2026
1d ago
|
Insider Cluster
| $139.80 awaiting T+1 | awaiting T+1 | — | $139.85 (+0.04%) |
|
Jun 2, 2026
7d ago
|
8-K
| $139.03 $141.57 | ▲ +1.83% | ▲ +1.43% | $139.85 (+0.59%) |
|
May 18, 2026
22d ago
|
8-K
| $137.28 $132.46 | ▼ −3.51% | ▼ −2.86% | $139.85 (+1.87%) |
|
Mar 27, 2026
10w ago
|
Insider Cluster
| $118.01 $116.36 | ▲ +1.40% | ▲ +1.04% | $139.85 (−18.51%) |
|
Mar 19, 2026
11w ago
|
Insider Cluster
| $120.01 $116.06 | ▼ −3.29% | ▼ −1.55% | $139.85 (+16.54%) |
|
Mar 19, 2026
11w ago
|
Insider Cluster
| $120.01 $116.06 | ▲ +3.29% | ▲ +1.55% | $139.85 (−16.54%) |
|
Mar 9, 2026
13w ago
|
GOVT-CONTRACT
| $125.38 $124.33 | ▼ −0.84% | ▼ −0.65% | $139.85 (+11.54%) |
US Market Status
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