secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000861459-24-000037
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction names new CFO; prior CFO Lisa Curtis transitions to Senior Financial Advisor
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- Lisa Curtis resigned as EVP & CFO effective Sept 16, 2024; will serve as Senior Financial Advisor through March 31, 2025.
- Michele Woolsey appointed EVP & CFO effective Sept 16, 2024, with $500K base salary, $350K target annual incentive (prorated for 2024), and 130% LTIP target.
- Woolsey receives $100K time-based RSU grant vesting ratably over 3 years; vehicle allowance $1K/month.
- Curtis to receive base salary through March 31, 2025, full 2024 annual bonus (based on actual results), and pro-rated LTIP cash payouts for 2023-2025 and 2024-2026 cycles.
- Woolsey covered by Executive Retention and Severance Plan III with 2x severance multiple upon qualifying termination within 2 years after change in control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000037/0000861459-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000086145924000037/gva-20240916.htm
  HTML page:      https://secwatch.observer/filing/0000861459-24-000037

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