John L. Harper - Dec 17, 2024 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Signature
/s/ John L. Harper
Stock symbol
ROAD
Transactions as of
Dec 17, 2024
Transactions value $
$0
Form type
4
Date filed
12/19/2024, 06:00 PM
Previous filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROAD Class A Common Stock Award $0 +6.57K +4.24% $0.00 161K Dec 17, 2024 Direct F1, F2
transaction ROAD Class A Common Stock Award $0 +1.9K +1.18% $0.00 163K Dec 17, 2024 Direct F2, F3
holding ROAD Class A Common Stock 1K Dec 17, 2024 By spouse
* 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 7,616 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 6,569 PSUs.
F2 Includes 31,437 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) 28,326 shares on September 30, 2025, (ii) 2,183 shares on September 30, 2026, and (iii) 928 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.