Granite Construction adopts new Annual Incentive Plan for cash bonuses

GRANITE CONSTRUCTION INC

Plan is cash-based; participants designated by Compensation Committee; no specific target amounts disclosed.
Performance goals include revenue, EPS, EBITDA, safety rates, and other financial/non-financial metrics.
Awards paid after year-end; must be employed on payment date except for death, disability, or retirement.
Plan includes clawback/recovery provision under company policy and applicable law.
Adopted effective January 1, 2022; replaces or supplements prior bonus plan.

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