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Construction Partners, Inc. — Director's Dealing 2024
Dec 31, 2024
30805_dirs_2024-12-30_9b264343-53b7-4f2a-8883-5cb9ab47e5d6.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: 2024-12-27
Reporting Person: Andrews Todd Keith (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-27 | Class A Common Stock | F | 1573 | $90.93 | Disposed | 15821 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Class A Common Stock (858) | 858 | 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 arising from the vesting of performance share awards and shares of restricted stock on December 17, 2024.
F2: Pursuant to the terms of the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan") and the applicable award agreement, the number of shares withheld was determined using a value of $95.90 per share, based on the closing price for a share of Class A common stock on the vesting date.
F3: Includes 10,542 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the Plan that vest as follows: (i) 9,220 shares on September 30, 2025, (ii) 1,036 shares on September 30, 2026, and (iii) 286 shares on September 30, 2027. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
F4: Each restricted stock unit represents a contingent right to receive cash in an amount equal to the value of one share of Class A common stock on the applicable vesting date. The reported restricted stock units do not expire and vest in equal installments on each of September 30, 2025, 2026 and 2027.