secwatch.observer — SEC 8-K summary
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Issuer:     GRANITE CONSTRUCTION INC (GVA)
CIK:        0000861459
Form:       8-K
Filed at:   2022-04-01T23:59:59+00:00
Accession:  0001437749-22-008062
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Granite Construction adopts new Annual Incentive Plan for cash bonuses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/861459/000143774922008062/0001437749-22-008062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/861459/000143774922008062/gva20220401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-008062

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