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Industrials & Aerospace

Granite Construction Executive Compensation (FY25)

GVA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Kyle Larkin
Median of the other named officers
$2,003,324
5 officers, excluding the chief executive
Latest say-on-pay support
=
June 4, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of November 5, 2026Latest filing (8-K): June 5, 2026
15 filings cited on this page
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272 figures on this page: 262 cited to the filing that reported them, 10 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Kyle Larkin: $7,726,356 → $9,861,425 (27.6% higher)
Say-on-pay support: 95.0% → 99.1% (4.1 points higher)
CEO pay ratio: 50:1 → 62:1 (24.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Granite Construction's chief executive and what were they paid?
Kyle Larkin was paid $9,861,425 in total compensation as President and Chief Executive Officer for fiscal 2025. Larkin's total moved 27.6% higher from the $7,726,356 reported for fiscal 2024.
What was Granite Construction's say-on-pay result?
The say-on-pay proposal drew 99.1% of votes cast for or against in favor at the meeting held June 4, 2026 for fiscal 2025.
Which companies are in Granite Construction's peer group?
The disclosed peer group names Comfort Systems USA, Inc., Construction Partners, Inc., Dycom Industries, Inc., Eagle Materials and EMCOR Group Inc., among others.
What is Granite Construction's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 62:1, against median employee compensation of $159,401.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kyle Larkin
President and Chief Executive Officer
◇—◇—◇—◇◇
James Richards
Former Senior Vice President and Central Group Manager
Departed during or after this year
◇—◇—◇—◇◇
Elizabeth Curtis
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
James Radich
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Staci Woolsey
Chief Accounting Officer
◇—◇—◇—◇◇
Michael Tatusko
Senior Vice President and Mountain Group Manager
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kyle Larkin
President & Chief Executive Officer
◇—◇—◇—◇◇
James Radich
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Michael Tatusko
Senior Vice President and Mountain Group Manager
◇—◇—◇—◇◇
Elizabeth Curtis
Executive Vice President & Chief Financial Officer
◇—◇—◇—◇◇
Staci Woolsey
Chief Accounting Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kyle Larkin
President & Chief Executive Officer
◇—◇—◇—◇◇
James Radich
Executive Vice President and Chief Operating Officer
◇—◇—◇—◇◇
Elizabeth Curtis
Former Executive Vice President & Chief Financial Officer
Departed during or after this year
◇—◇—◇—◇◇
Michael Tatusko
Senior Vice President and Mountain Group Manager
◇—◇—◇—◇◇
Brian Dowd
Senior Vice President and California Group Manager
◇—◇—◇—◇◇
Staci Woolsey
Executive Vice President & Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kyle Larkin
President and Chief Executive Officer
◇—◇—◇—◇◇
James Radich
Former Executive Vice President and Chief Operating Officer
Departed during or after this year
◇—◇—◇—◇◇
Michael Tatusko
Senior Vice President, Construction
◇—◇—◇—◇◇
Brian Dowd
Senior Vice President, Construction
◇—◇—◇—◇◇
Staci Woolsey
Executive Vice President and Chief Financial Officer
◇—◇—◇—◇◇
Bradley Williams
Senior Vice President, Construction
◇—◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Bradley J. WilliamsRSU◇——◇——◇
Bradley J. WilliamsRSU◇——◇——◇
Brian R. DowdRSU◇——◇——◇
Brian R. DowdRSU◇——◇——◇
Brian R. DowdRSU◇——◇——◇
James A. RadichRSU◇——◇——◇
James A. RadichRSU◇——◇——◇
James A. RadichRSU◇——◇——◇
Kyle T. LarkinRSU◇——◇——◇
Kyle T. LarkinRSU◇——◇——◇
Kyle T. LarkinRSU◇——◇——◇
Michael G. TatuskoRSU◇——◇——◇
Michael G. TatuskoRSU◇——◇——◇
Michael G. TatuskoRSU◇——◇——◇
Staci M. WoolseyRSU◇——◇——◇
Staci M. WoolseyRSU◇——◇——◇
Staci M. WoolseyRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kyle LarkinRSU◇◇——
RSU◇◇——
James RadichRSU◇◇——
Brian DowdRSU◇◇——
Michael TatuskoRSU◇◇——
RSU◇◇——
Staci WoolseyRSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
James Radich
Former Executive Vice President and Chief Operating Officer
Clawback◇
Michael Tatusko
Senior Vice President, Construction
Clawback◇
Staci Woolsey
Executive Vice President and Chief Financial Officer
Clawback◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Michael F. McNally
Board chair
◇◇———◇◇
Laura M. Mullen
◇◇———◇◇
Molly C. Campbell
◇◇———◇◇
Alan P. Krusi
◇◇———◇◇
Louis E. Caldera
◇◇———◇◇
Carlos M. Hernandez
◇◇———◇◇
Celeste B. Mastin
◇◇———◇◇
J. Timothy Romer
◇◇———◇◇
David C. Darnell
◇————◇◇
Kyle T. Larkin served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Stock ownership guideline: The Board of Directors stock ownership guidelines require all non-employee directors to own and maintain five times their Annual Board of Directors Cash Retainer in Granite common stock after joining the Board of Directors.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Comfort Systems USA, Inc. FIX
  • Construction Partners, Inc. ROAD
  • Dycom Industries, Inc. DY
  • Eagle Materials EXP
  • EMCOR Group Inc. EME
  • Great Lakes Dredge and Docks GLDD
  • IES Holdings IESC
  • KBR, Inc. KBR
  • MasTec, Inc. MTZ
  • MYR Group, Inc. MYRG
  • Primoris Services Corporation PRIM
  • Summit Materials SUM
  • Tutor Perini Corporation TPC
  • Valmont Industries, Inc. VMI

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 4, 2026=◇◇◇
2024June 5, 2025=◇◇◇
2023June 5, 2024=◇◇◇
2022June 8, 2023=◇◇◇
2021June 9, 2022=◇◇◇
2020June 2, 2021=◇◇◇
2018June 6, 2019=◇◇◇
2017June 7, 2018=◇◇◇
2016June 8, 2017=◇◇◇
2015June 9, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

Ask our research desk — $99, 24h, every figure cited to its filing.

Sample answer — “What is the CEO’s total compensation?”
- Kyle Larkin (President and Chief Executive Officer), FY2025 total compensation $9,861,425 (base salary $1,000,000) [exec_comp, SEC accession 0000861459-26-000012, filed 2026-04-23]

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What this page does not include

Everything above is a fact Granite Construction disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Granite Construction sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
272 figures on this page: 262 cited to the filing that reported them, 10 calculated from figures it prints.
262 cited to the filing
10 calculated from the filing

Documents cited

  1. 0000861459-26-000020
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0000861459-26-000012
    CEO Pay Ratio · Director Compensation · Director Compensation Table · Outstanding Equity Awards at Fiscal Year-End Table · and 1 more section
  3. 0000861459-25-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0000861459-25-000013
    Summary Compensation Table
  5. 0000861459-24-000026
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0000861459-24-000012
    Executive Compensation Tables
  7. 0000861459-24-000006
  8. 0000861459-23-000007
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001437749-23-011481
    Summary Compensation Table
  10. 0001437749-22-014905
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001437749-21-014177
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0001564590-19-022036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0001564590-18-015320
    Item 5.07 Submission of Matters to a Vote of Security Holders
  14. 0000861459-17-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  15. 0000861459-16-000057
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Granite Construction executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/GVA (accessed 2026).
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15 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Industrials & Aerospace rankings

Chief executive pay — Industrials & AerospaceCEO pay ratio — Industrials & AerospaceSay-on-pay support — Industrials & Aerospace

Peers Granite Construction discloses

The companies named in GVA's own disclosed peer group.

Comfort Systems USA, Inc.Construction Partners, Inc.Dycom Industries, Inc.Eagle MaterialsEMCOR Group Inc.IES HoldingsKBR, Inc.MasTec, Inc.MYR Group, Inc.Primoris Services CorporationTutor Perini CorporationValmont Industries, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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