secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0000861459-23-000020
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction adopts Clawback Policy for incentive-based compensation recovery
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145923000020/0000861459-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145923000020/gva-20231010.htm
  HTML page:      https://secwatch.observer/filing/0000861459-23-000020

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