secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001437749-21-026624
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000143774921026624/0001437749-21-026624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000143774921026624/gva20211111b_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-026624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer