Gregory A. Hoffman - Dec 29, 2021 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role: Senior VP, Finance
Signature: /s/ R. Alan Palmer, attorney-in-fact
Stock symbol: ROAD
Transactions as of: Dec 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 1/3/2022, 09:54 AM
Previous filing: Oct 22, 2021
Next filing: Nov 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROAD	Class A Common Stock	Award	$0	+3.15K	+9.52%	$0.00	36.3K	Dec 29, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transaction represents a grant of restricted shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Company") with time-based vesting criteria under the Company's 2018 Equity Incentive Plan (the "Equity Incentive Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2022, 2023, 2024 and 2025. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares.
F2	Includes 35,400 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 2,250 shares in one-third increments on September 30, 2022, 2023 and 2024, (ii) 3,150 shares in one-fourth increments on September 30, 2022, 2023, 2024 and 2025, and (iii) 30,000 shares in one-half increments 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.

Content

The reported transaction represents a grant of restricted shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Company") with time-based vesting criteria under the Company's 2018 Equity Incentive Plan (the "Equity Incentive Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2022, 2023, 2024 and 2025. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares.

Includes 35,400 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 2,250 shares in one-third increments on September 30, 2022, 2023 and 2024, (ii) 3,150 shares in one-fourth increments on September 30, 2022, 2023, 2024 and 2025, and (iii) 30,000 shares in one-half increments 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.