Todd Keith Andrews - May 20, 2024 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role
Chief Accounting Officer
Signature
/s/ Todd Keith Andrews
Stock symbol
ROAD
Transactions as of
May 20, 2024
Transactions value $
-$82,500
Form type
4
Date filed
5/20/2024, 04:02 PM
Previous filing
Dec 21, 2023
Next filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Sale -$82.5K -1.5K -5.41% $55.00 26.2K May 20, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ROAD Restricted Stock Units 1.14K May 20, 2024 Class A Common Stock 1.14K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 20,410 restricted shares of Class A common stock, par value $0.001 ("Class A common stock") with time-based vesting criteria granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (i) 9,868 shares on September 30, 2024, (ii) 9,220 shares on September 30, 2025, (iii) 1,036 shares on September 30, 2026, and (iv) 286 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.
F2 Each restricted stock unit represents a contingent right to receive cash in an amount equal to the value of one share of Class A common stock on the applicable vesting date.
F3 The restricted stock units vest in one-fourth installments on September 30, 2024, 2025, 2026 and 2027.