Granite Construction adopts Clawback Policy for incentive-based compensation recovery

GRANITE CONSTRUCTION INC

Board adopted Clawback Policy on Oct 10, 2023, effective for compensation received on/after Oct 2, 2023.
Policy mandates recovery of erroneously awarded incentive-based compensation from executive officers in case of accounting restatement.
Current Section 16 officers signed acknowledgment agreeing to be bound by the policy.
Applies to three-year lookback period; covers compensation based on financial reporting measures including stock price and TSR.
Company will not indemnify any executive officer against loss of erroneously awarded compensation.

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