John L. Harper - Oct 2, 2023 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role
Senior Vice President
Signature
/s/ John L. Harper
Stock symbol
ROAD
Transactions as of
Oct 2, 2023
Transactions value $
-$37,474
Form type
4
Date filed
10/4/2023, 04:04 PM
Previous filing
Jun 21, 2023
Next filing
Dec 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Tax liability -$37.5K -1.03K -0.74% $36.56 137K Oct 2, 2023 Direct F1, F2
holding ROAD Class A Common Stock 1K Oct 2, 2023 By spouse
holding ROAD Class A Common Stock 15K Oct 2, 2023 By Frances Harper Trust F3
holding ROAD Class A Common Stock 15K Oct 2, 2023 By Family Trust F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") 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 $36.56 per share, based on the closing price for a share of Class A common stock on September 29, 2023, the last trading day prior to the vesting date.
F2 Includes 57,138 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (i) 28,485 shares on September 30, 2024, (ii) 27,398 shares on September 30, 2025, and (iii) 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.