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Construction Partners, Inc. — Director's Dealing 2024
Oct 3, 2024
30805_dirs_2024-10-03_7bd9fce3-9b1b-4c39-b0d4-7fc29e21aa40.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: 2024-10-01
Reporting Person: Hoffman Gregory A (Senior VP, Finance)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-10-01 | Class A Common Stock | F | 8133 | $69.80 | Disposed | 39112 | Direct |
Footnotes
F1: The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class A common stock previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreements, the number of shares surrendered was determined using a value of $69.80 per share, the closing price for a share of Class A common stock on September 30, 2024, the vesting date.
F2: Includes 20,923 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 17,793 shares on September 30, 2025, (ii) 2,005 shares on September 30, 2026, and (iii) 1,125 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.