---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-21-026624"
form_type: "8-K"
ticker: "GVA"
cik: "0000861459"
company_name: "GRANITE CONSTRUCTION INC"
filed_at: "2021-11-15T23:59:59+00:00"
generated_at: "2026-06-28T08:49:58.526142+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Granite Construction EVP/Chief Strategy Officer Desai to depart Dec 6; receives $729,600 severance

## Summary
- Jigisha Desai, EVP & Chief Strategy Officer, resigns effective Dec 6, 2021; assists with transition through that date.
- Receives $729,600 lump-sum payment, eligible for 2021 annual bonus and pro-rated LTIP awards in cash.
- Company pays 18 months of COBRA premiums and up to 90 days of outplacement services.
- Agreement includes customary non-disparagement, cooperation, and general release of claims.
- LTIP awards converted to cash payments; all time-based RSUs and LTIP awards forfeited and canceled.

## SEC filing metadata
- accession: 0001437749-21-026624
- form_type: 8-K
- ticker: GVA
- cik: 0000861459
- company_name: GRANITE CONSTRUCTION INC
- filed_at: 2021-11-15T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/861459/000143774921026624/0001437749-21-026624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/861459/000143774921026624/gva20211111b_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-21-026624
- JSON: https://secwatch.observer/filing/0001437749-21-026624.json
- Plain text: https://secwatch.observer/filing/0001437749-21-026624.txt

## Key facts
- Executive change
  Jigisha Desai resigned as Executive Vice President and Chief Strategy Officer at GRANITE CONSTRUCTION INC.
  - Action: resigned
  - Role: Executive Vice President and Chief Strategy Officer
  source text: Pursuant to this Agreement, Ms. Desai will (1) remain an employee of the Company and continue to serve as Executive Vice President and Chief Strategy Officer through December 6, 2021 (the “Separation Date”) and until the Separation Date, continue to receive her annual base salary at the rate in effect immediately prior to entering into the Agreement, (2) resign as Executive Vice President and Chief Strategy Officer and cease to be an employee of the Company as of the Separation Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/861459/000143774921026624/0001437749-21-026624-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.