{"schema_version":"secwatch.filing_event.v1","accession":"0000861459-26-000006","form_type":"8-K","ticker":"GVA","cik":"0000861459","company_name":"GRANITE CONSTRUCTION INC","filed_at":"2026-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.841553+00:00","generated_at":"2026-05-16T02:16:27.274217+00:00","sec_items":["1.01","1.02","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"confidence":"high","headline":"Granite Construction to exchange $100M of 3.75% convertible notes for cash and potential stock","bullets":["Exchanged $100M aggregate principal of 3.75% Convertible Senior Notes due 2028 for cash and possible stock.","Consideration approx $283M in cash if VWAP at $128.61; stock portion activates if VWAP > $140.","After exchange, $273.75M of notes remain outstanding; diluted share count reduced by ~2.2M shares.","Entered partial unwind agreements with capped call counterparties related to exchanged notes.","Measurement period starts Feb 18, 2026; closing expected after 15 trading days subject to conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000861459-26-000006","json":"https://secwatch.observer/filing/0000861459-26-000006.json","markdown":"https://secwatch.observer/filing/0000861459-26-000006.md","text":"https://secwatch.observer/filing/0000861459-26-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/861459/000086145926000006/0000861459-26-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/861459/000086145926000006/gva-20260218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T02:16:27.274217+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}