Larkin Kyle T, President & CEO of Granite Construction Incorporated (GVA), has demonstrated a consistent pattern of selling activity over the past two years, with no recorded purchases in the same period. Since 2024, Larkin has executed 30 transactions—all sales—totaling approximately $17.8 million in value. The transactions have clustered around mid-to-late March each year, suggesting a possible structured divestment plan. Notably, in March 2026 alone, Larkin sold shares worth over $6.5 million across multiple filings, including a $1.54 million transaction on March 27 and a $965,486 sale on March 30. Earlier sales in March 2025 and 2024 followed a similar cadence, with multi-million-dollar dispositions, such as a $2.31 million sale on March 24, 2025, and a $2.28 million sale on the same date in 2024.
The filings reveal a mix of transaction codes, including "S" for open-market sales and "F" for dispositions tied to tax obligations or derivative exercises. While some filings show nominal or zero-dollar values (coded as "A," likely representing awards or grants), the overwhelming trend is one of monetization rather than accumulation. The absence of buying activity and the repeated, high-value sales indicate a deliberate reduction in Larkin’s stake in GVA. The consistency in timing and scale suggests these transactions may align with prearranged trading plans, though the filings do not specify whether they fall under Rule 10b5-1. Regardless, the data reflects a clear directional bias toward divestment in recent years.
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