Granite Construction Management
Management criteria checks 4/4
Granite Construction's CEO is Kyle Larkin, appointed in Sep 2020, has a tenure of 3.58 years. total yearly compensation is $2.12M, comprised of 42.4% salary and 57.6% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $6.87M. The average tenure of the management team and the board of directors is 3.4 years and 5.8 years respectively.
Key information
Kyle Larkin
Chief executive officer
US$2.1m
Total compensation
| CEO salary percentage | 42.4% |
| CEO tenure | 3.6yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.4yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
With Granite Construction Incorporated (NYSE:GVA) It Looks Like You'll Get What You Pay For
Apr 13
Granite Construction: Expect Higher Margins And Tailwinds To Spur Stock
Jan 17Is There An Opportunity With Granite Construction Incorporated's (NYSE:GVA) 38% Undervaluation?
Dec 20Granite Construction (NYSE:GVA) Has Some Difficulty Using Its Capital Effectively
Nov 16Granite Construction: Cheap Multiples, Mid And Long-Term Economics Not Supportive
Oct 27Here's Why Granite Construction (NYSE:GVA) Can Manage Its Debt Responsibly
Oct 11Granite Construction (NYSE:GVA) Is Due To Pay A Dividend Of $0.13
Sep 17Is Now The Time To Put Granite Construction (NYSE:GVA) On Your Watchlist?
Sep 05Is There Now An Opportunity In Granite Construction Incorporated (NYSE:GVA)?
Aug 18Granite Construction: Good Long-Term Growth Prospects At Attractive Valuation
Aug 07Why Granite Construction Incorporated (NYSE:GVA) Could Be Worth Watching
Apr 27Here's Why We Think Granite Construction (NYSE:GVA) Might Deserve Your Attention Today
Apr 06Granite Construction Q4 2022 Earnings Preview
Feb 15Is Granite Construction (NYSE:GVA) Using Too Much Debt?
Jan 27Granite Construction's Outperformance Can Continue
Dec 27Granite Construction bags $174M contract for work on Los Angeles airport runways
Dec 20Granite Construction bags $14M traffic flow improvement project from Caltrans
Dec 06An Intrinsic Calculation For Granite Construction Incorporated (NYSE:GVA) Suggests It's 43% Undervalued
Dec 06Granite Construction gets $30M contract from US Dept of Homeland Security
Nov 03Granite bags $33M street improvement project in California
Oct 25Granite gets ~$11M construction award for a bikeway in California
Oct 11Here's Why Granite Construction (NYSE:GVA) Has A Meaningful Debt Burden
Oct 07Granite Construction: Recent Correction Is A Buying Opportunity
Oct 05Granite Construction (NYSE:GVA) Has Affirmed Its Dividend Of $0.13
Sep 19Granite gets ~$20M contract award to reconstruct a taxiway at the Tucson airport
Sep 13Catalyst: Granite Construction And $550 Billion In Infrastructure Spending
Aug 31Granite Construction gets $40M contract for improvements to SH 288
Jul 26What Is Granite Construction Incorporated's (NYSE:GVA) Share Price Doing?
Jul 21Granite bags $55M improvement contract for Alaskan Roadway
Jul 06Granite Construction (NYSE:GVA) Has Re-Affirmed Its Dividend Of US$0.13
Jun 28Granite Construction Is A Good Buy At The Current Levels
May 31We Think Granite Construction (NYSE:GVA) Is Taking Some Risk With Its Debt
May 28Estimating The Fair Value Of Granite Construction Incorporated (NYSE:GVA)
May 02Granite Construction (NYSE:GVA) Will Pay A Dividend Of US$0.13
Feb 27We Think Granite Construction (NYSE:GVA) Can Stay On Top Of Its Debt
Feb 23Is Granite Construction Incorporated (NYSE:GVA) Trading At A 40% Discount?
Jan 21Shareholders Will Be Pleased With The Quality of Granite Construction's (NYSE:GVA) Earnings
Nov 04CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | 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$34m |
Compensation vs Market: Kyle's total compensation ($USD2.12M) is below average for companies of similar size in the US market ($USD5.57M).
Compensation vs Earnings: Kyle's compensation has been consistent with company performance over the past year.
CEO
Kyle Larkin (51 yo)
3.6yrs
Tenure
US$2,122,477
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 |
|---|---|---|---|---|
| President | 3.6yrs | US$2.12m | 0.29% $ 6.9m | |
| Executive VP & CFO | 3.3yrs | US$993.63k | 0.054% $ 1.3m | |
| Executive VP & COO | 3.3yrs | US$952.31k | 0.070% $ 1.6m | |
| Chief Accounting Officer | 2.3yrs | US$936.48k | 0.0039% $ 90.7k | |
| Senior VP of Construction | 5.3yrs | US$845.10k | 0.074% $ 1.7m | |
| Senior VP of Corporate Finance & Treasurer | less than a year | no data | no data | |
| Senior VP | 5.7yrs | no data | no data | |
| Senior VP and Chief Marketing & Communications Officer | 3.4yrs | no data | no data | |
| Senior Vice President of Human Resources | 4.3yrs | no data | no data | |
| Senior Vice President of Construction | 3.4yrs | US$657.65k | 0.048% $ 1.1m | |
| Senior Vice President of Safety | 2.4yrs | no data | no data | |
| Senior VP of Construction | 1.8yrs | no data | 0.032% $ 760.8k |
3.4yrs
Average Tenure
58yo
Average Age
Experienced Management: GVA's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.8yrs | US$2.12m | 0.29% $ 6.9m | |
| Independent Director | 2.8yrs | US$216.73k | 0.012% $ 274.7k | |
| Independent Director | 7.2yrs | US$228.73k | 0.037% $ 871.0k | |
| Independent Director | 7.2yrs | US$229.29k | 0.047% $ 1.1m | |
| Independent Director | 5.8yrs | US$226.73k | 0.031% $ 733.2k | |
| Independent Director | 7.2yrs | US$217.73k | 0.037% $ 871.0k | |
| Independent Chairman | 8.2yrs | US$359.56k | 0.0073% $ 171.3k | |
| Independent Director | 4.8yrs | US$220.23k | 0.027% $ 630.0k | |
| Independent Director | 2.8yrs | US$220.23k | 0.014% $ 336.0k |
5.8yrs
Average Tenure
66yo
Average Age
Experienced Board: GVA's board of directors are considered experienced (5.8 years average tenure).