John L. Harper - Dec 5, 2022 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role
Senior Vice President
Signature
/s/ R. Alan Palmer, attorney-in-fact
Stock symbol
ROAD
Transactions as of
Dec 5, 2022
Transactions value $
-$896,490
Form type
4
Date filed
12/6/2022, 08:12 PM
Previous filing
Nov 4, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Sale -$896K -31.5K -12.38% $28.46 223K Dec 5, 2022 Direct F1, F2
holding ROAD Class A Common Stock 500 Dec 5, 2022 By spouse
holding ROAD Class A Common Stock 15K Dec 5, 2022 By Frances Harper Trust F3
holding ROAD Class A Common Stock 15K Dec 5, 2022 By Family Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported sale price represents the weighted average sale price for a number of transactions effected at prices ranging from $28.24 to $29.05, inclusive. The reporting person has provided to Construction Partners, Inc. (the "Issuer"), and undertakes to provide upon request to the SEC staff, or any security holder of the Issuer, information regarding the number of shares sold at each separate price within the range.
F2 Includes 60,621 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Issuer's 2018 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 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.
F4 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.