| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ROAD | Class A Common Stock | Award | $0 | +5.02K | +2.01% | $0.00 | 255K | Nov 3, 2022 | Direct | F1, F2 |
| transaction | ROAD | Class A Common Stock | Tax liability | $0 | -654 | -0.26% | $0.00 | 254K | Nov 4, 2022 | Direct | F2, F3 |
| holding | ROAD | Class A Common Stock | 500 | Nov 3, 2022 | By spouse | ||||||
| holding | ROAD | Class A Common Stock | 15K | Nov 3, 2022 | By Frances Harper Trust | F4 | |||||
| holding | ROAD | Class A Common Stock | 15K | Nov 3, 2022 | By Family Trust | F5 |
| 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 "Issuer") with time-based vesting criteria under the Issuer'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, 2023, 2024, 2025 and 2026. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares. |
| F2 | Includes 60,621 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 3,483 shares on September 30, 2023, (ii) 28,485 shares on September 30, 2024, (iii) 27,398 shares on September 30, 2025, and (iv) 1,255 shares on September 30, 2026. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares. |
| F3 | Represents shares of Class A common stock surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of an award of restricted Class A common stock. Pursuant to the Equity Incentive Plan and the applicable award agreement, the number of shares withheld was determined using a value of $26.23 per share, based on the closing price for a share of Class A common stock on September 30, 2022, the vesting date. |
| F4 | The reported shares are held by a trust for which the reporting person serves as sole trustee, and in such capacity holds the sole power to vote and direct the disposition of such shares. |
| F5 | The reported shares are held by a trust for which the reporting person serves as co-trustee, and in such capacity shares the power to vote and direct the disposition of such shares. |