Granite Construction Management

Management criteria checks 2/4

Granite Construction's CEO is Kyle Larkin, appointed in Sep 2020, has a tenure of 3.67 years. total yearly compensation is $4.22M, comprised of 21.9% salary and 78.1% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth €6.82M. The average tenure of the management team and the board of directors is 3.5 years and 5.9 years respectively.

Key information

Kyle Larkin

Chief executive officer

US$4.2m

Total compensation

CEO salary percentage	21.9%
CEO tenure	3.7yrs
CEO ownership	0.3%
Management average tenure	3.5yrs
Board average tenure	5.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kyle Larkin's remuneration changed compared to Granite Construction's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$36m
Dec 31 2023	US$4m	US$925k	US$44m
Sep 30 2023	n/a	n/a	US$40m
Jun 30 2023	n/a	n/a	US$51m
Mar 31 2023	n/a	n/a	US$87m
Dec 31 2022	US$2m	US$900k	US$83m
Sep 30 2022	n/a	n/a	US$48m
Jun 30 2022	n/a	n/a	US$14m
Mar 31 2022	n/a	n/a	US$47m
Dec 31 2021	US$2m	US$855k	US$10m
Sep 30 2021	n/a	n/a	US$196m
Jun 30 2021	n/a	n/a	US$70m
Mar 31 2021	n/a	n/a	US$21m
Dec 31 2020	US$905k	US$585k	-US$145m
Sep 30 2020	n/a	n/a	-US$173m
Jun 30 2020	n/a	n/a	-US$35m
Mar 31 2020	n/a	n/a	-US$63m
Dec 31 2019	US$679k	US$425k	-US$31m
Sep 30 2019	n/a	n/a	-US$76m
Jun 30 2019	n/a	n/a	-US$66m
Mar 31 2019	n/a	n/a	-US$50m
Dec 31 2018	US$871k	US$350k	US$582k
Sep 30 2018	n/a	n/a	US$69m
Jun 30 2018	n/a	n/a	US$59m
Mar 31 2018	n/a	n/a	US$81m
Dec 31 2017	US$692k	US$260k	US$34m

Compensation vs Market: Kyle's total compensation ($USD4.22M) is above average for companies of similar size in the German market ($USD2.58M).

Compensation vs Earnings: Kyle's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Kyle Larkin (51 yo)

3.7yrs

Tenure

US$4,224,356

Compensation

Mr. Kyle T. Larkin has been President of Granite Construction Incorporated since September 22, 2020. He is the Chief Executive Officer and Director of Granite Construction Incorporated since June 02, 2021....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kyle Larkin	President	3.7yrs	US$4.22m	0.29% $ 6.8m
Elizabeth Curtis	Executive VP & CFO	3.3yrs	US$1.50m	0.054% $ 1.3m
James Radich	Executive VP & COO	3.4yrs	US$1.82m	0.070% $ 1.6m
Staci Woolsey	Senior VP & Chief Accounting Officer	2.3yrs	US$927.20k	0.0038% $ 90.2k
Michael Tatusko	Senior VP of Construction	5.3yrs	US$1.52m	0.073% $ 1.7m
Kim Craig	Senior VP of Corporate Finance & Treasurer	less than a year	no data	no data
Michael Barker	Vice President of Investor Relations	no data	no data	no data
M. Hall	Senior VP	5.8yrs	no data	no data
Erin Kuhlman	Senior VP and Chief Marketing & Communications Officer	3.5yrs	no data	no data
Timothy Gruber	Senior Vice President of Human Resources	4.3yrs	no data	no data
Brian Dowd	Senior Vice President of Construction	3.5yrs	US$657.65k	0.048% $ 1.1m
Dave Hulverson	Senior Vice President of Safety	2.5yrs	no data	no data

3.5yrs

Average Tenure

57yo

Average Age

Experienced Management: GRG's management team is considered experienced (3.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kyle Larkin	President	2.9yrs	US$4.22m	0.29% $ 6.8m
Louis Caldera	Independent Director	2.9yrs	US$243.19k	0.0034% $ 79.8k
David Darnell	Independent Director	7.3yrs	US$253.79k	0.037% $ 866.5k
Patricia Galloway	Independent Director	7.3yrs	US$256.77k	0.0073% $ 171.0k
Alan Krusi	Independent Director	5.9yrs	US$251.79k	0.031% $ 731.3k
Celeste Mastin	Independent Director	7.3yrs	US$242.79k	0.037% $ 867.9k
Michael McNally	Independent Chairman	8.3yrs	US$387.42k	0.0072% $ 170.0k
Molly Campbell	Independent Director	4.9yrs	US$245.29k	0.027% $ 628.7k
Laura Mullen	Independent Director	2.9yrs	US$251.79k	0.0063% $ 147.0k

5.9yrs

Average Tenure

66yo

Average Age

Experienced Board: GRG's board of directors are considered experienced (5.9 years average tenure).

Granite Construction Management

Management criteria checks 2/4

Key information

Recent management updates

Granite Construction Incorporated, Annual General Meeting, Jun 05, 2024

Jeffrey J. Lyash Resigns as Member of the Board of Granite Construction Incorporated

President recently sold €235k worth of stock

Granite Construction Incorporated, Annual General Meeting, Jun 09, 2022

High number of new directors

Granite Construction Incorporated Appoints Elizabeth L. Curtis as Assistant Secretary

Recent updates

First quarter 2024 earnings released: US$0.70 loss per share (vs US$0.53 loss in 1Q 2023)

Granite Construction Incorporated, Annual General Meeting, Jun 05, 2024

Granite Construction Incorporated to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of US$0.13 per share

Fourth quarter dividend of US$0.13 announced

Granite Declares Quarterly Dividend, Payable on April 15, 2024

New minor risk - Profit margin trend

Granite Construction Incorporated to Report Q4, 2023 Results on Feb 22, 2024

Upcoming dividend of US$0.13 per share at 1.0% yield

Granite Construction Incorporated Declares Quarterly Cash Dividend, Payable on January 12, 2024

Investor sentiment improves as stock rises 31%

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$1.31 (vs US$1.67 in 3Q 2022)

Granite Construction Incorporated to Report Q3, 2023 Results on Oct 31, 2023

Upcoming dividend of US$0.13 per share at 1.3% yield

Jeffrey J. Lyash Resigns as Member of the Board of Granite Construction Incorporated

Granite Construction Incorporated Declares Quarterly Dividend, Payable on October 13, 2023

Second quarter 2023 earnings released: US$0.39 loss per share (vs US$0.52 profit in 2Q 2022)

Granite's CMGC Work Continues in Denali National Park

Upcoming dividend of US$0.13 per share at 1.3% yield

Granite Construction Incorporated Declares Quarterly Cash Dividend, Payable on July 14, 2023

Nevada Department of Transportation Selects Granite to Construct a Section of Highway in Sparks, Nevada

Granite Construction Incorporated announced that it expects to receive $325 million in funding

First quarter 2023 earnings released: US$0.53 loss per share (vs US$0.42 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$1.87 (vs US$0.013 loss in FY 2021)

Granite Construction Incorporated Provides Earnings Guidance for the Full Year 2023

Granite Construction Incorporated to Report Q4, 2022 Results on Feb 16, 2023

Now 20% undervalued

Upcoming dividend of US$0.13 per share

Granite Construction Incorporated Declares Quarterly Dividend, Payable on January 13, 2022

Investor sentiment improved over the past week

Third quarter 2022 earnings released: EPS: US$1.67 (vs US$0.77 in 3Q 2021)

Granite Construction Incorporated Revises Earnings Guidance for the Fiscal Year of 2022

Granite Construction Incorporated to Report Q3, 2022 Results on Oct 27, 2022

Upcoming dividend of US$0.13 per share

Granite Construction Incorporated Declares Quarterly Dividend, Payable on October 14, 2022

Now 21% undervalued

Second quarter 2022 earnings released: US$0.053 loss per share (vs US$1.19 profit in 2Q 2021)

Granite Construction Incorporated Provides Revenue Guidance for the Fiscal Year 2022

Granite Construction Incorporated to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$0.13 per share

Granite Construction Incorporated Declares Quarterly Dividend, Payable on July 15, 2022

President recently sold €235k worth of stock

First quarter 2022 earnings released: US$0.42 loss per share (vs US$1.39 loss in 1Q 2021)

Granite Construction Incorporated, Annual General Meeting, Jun 09, 2022

Granite Construction Incorporated to Report Q1, 2022 Results on Apr 28, 2022

Upcoming dividend of US$0.13 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Granite Construction Incorporated to Report Q4, 2021 Results on Feb 25, 2022

Granite Construction Incorporated Declares Quarterly Cash Dividend, Payable on April 14, 2022

Kyros Law Is Filing Legal Claims on Behalf of Granite Construction Incorporated Investors

Upcoming dividend of US$0.13 per share

Investor sentiment improved over the past week

Upcoming dividend of US$0.13 per share

Second quarter 2021 earnings released: EPS US$1.19 (vs US$0.075 in 2Q 2020)

High number of new directors

Granite Construction Incorporated(NYSE:GVA) dropped from Russell 2000 Growth Index

Upcoming dividend of US$0.13 per share

Independent Chairman of the Board Claes Bjork has left the company

Granite Construction Incorporated Declares Quarterly Cash Dividend, Payable on July 15, 2021

Granite Construction Incorporated Reaffirms Earnings Guidance for 2021

Granite Construction Incorporated Reaches Agreement to Settle Pending Class Action Lawsuits

Granite Construction Incorporated Provides Revenue Guidance for the Year 2021

Granite Construction Receives NYSE Notice

Granite Construction Incorporated Joint Venture Wins $42 Million Air Force Base Improvement Project in Guam

Granite Declares Quarterly Dividend, Payable on April 15, 2021

Granite Wins $267 Million Tunnel Project in Ohio

Granite Construction Incorporated announced delayed annual 10-K filing

New 90-day high: €29.00