Todd Keith Andrews - Dec 17, 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
Dec 17, 2024
Transactions value $
$0
Form type
4
Date filed
12/19/2024, 05:59 PM
Previous filing
Dec 18, 2024
Next filing
Dec 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Award $0 +2.75K +14.2% $0.00 22.1K Dec 17, 2024 Direct F1, F2
transaction ROAD Class A Common Stock Award $0 +797 +3.61% $0.00 22.9K Dec 17, 2024 Direct F2, F3

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 858 Dec 17, 2024 Class A Common Stock 858 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 29, 2021, the reporting person was granted 3,185 performance-based restricted stock units ("PSUs") pursuant to the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan"). The PSUs vested in a single lump-sum based on the satisfaction by Construction Partners, Inc. (the "Issuer") of certain performance criteria for the three-year period comprising the 2022, 2023 and 2024 fiscal years. The performance criteria for were partially met, resulting in the vesting of 2,747 PSUs.
F2 Includes 10,542 restricted shares of Class A common stock, $0.001 par value ("Class A common stock") with time-based vesting criteria previously granted to the reporting person under the Plan that vest as follows: (i) 9,220 shares on September 30, 2025, (ii) 1,036 shares on September 30, 2026, and (iii) 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.
F3 The reported transaction represents a grant of immediately vested shares of Class A common stock under the Plan.
F4 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. The reported restricted stock units do not expire and vest in equal installments on each of September 30, 2025, 2026 and 2027.