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Construction Partners, Inc. — Director's Dealing 2024
Dec 19, 2024
30805_dirs_2024-12-19_59f44ebc-1e1b-4dec-9f17-81d332b3e712.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: 2024-12-17
Reporting Person: Andrews Todd Keith (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-12-17 | Class A Common Stock | A | 2747 | — | Acquired | 22086 | Direct |
| 2024-12-17 | Class A Common Stock | A | 797 | — | Acquired | 22883 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Class A Common Stock (858) | 858 | Direct |
Footnotes
F1: On December 29, 2021, the reporting person was granted 3,185 performance-based restricted stock units ("PSUs") pursuant to the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan"). The PSUs vested in a single lump-sum based on the satisfaction by Construction Partners, Inc. (the "Issuer") of certain performance criteria for the three-year period comprising the 2022, 2023 and 2024 fiscal years. The performance criteria for were partially met, resulting in the vesting of 2,747 PSUs.
F2: Includes 10,542 restricted shares of Class A common stock, $0.001 par value ("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.
F3: The reported transaction represents a grant of immediately vested shares of Class A common stock under the Plan.
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.