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Construction Partners, Inc. — Director's Dealing 2021
Oct 22, 2021
30805_dirs_2021-10-22_03346706-9097-48a1-8379-59bde4236ab4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Construction Partners, Inc. (ROAD)
CIK: 0001718227
Period of Report: 2021-10-20
Reporting Person: Brooks Judson Ryan (Senior Vice President, Legal)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-10-20 | Class A Common Stock | F | 188 | $33.37 | Disposed | 27562 | Direct |
Footnotes
F1: Represents shares of Class A common stock, par value $0.001 ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of an award of restricted Class A common stock. Pursuant to the Construction Partners, Inc. 2018 Equity Incentive Plan (the "2018 Equity Incentive Plan") and the applicable award agreement, the number of shares withheld was determined using a value of $33.37 per share, based on the closing price for a share of Class A common stock on September 30, 2021, the vesting date.
F2: Includes 27,063 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the 2018 Equity Incentive Plan. Of such shares, (i) a remaining award of 2,063 shares vests in equal installments on September 30, 2022, 2023 and 2024 and (ii) an award of 25,000 shares vests in one-half installments on September 30, 2024 and 2025. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.