Michael Brett Armstrong - 04 Mar 2025 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
06 Mar 2025, 16:42:31 UTC
Prior SEC filing
30 Dec 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Michael Brett Armstrong

Key filing fact

Michael Brett Armstrong filed Form 4 for Construction Partners, Inc. (ROAD) on 06 Mar 2025.

Key facts

  • This page summarizes Michael Brett Armstrong's Form 4 filing for Construction Partners, Inc. (ROAD).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 06 Mar 2025, 16:42.

Change

  • Previous filing in this sequence was filed on 30 Dec 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ROAD transaction

Class A Common Stock

Award

Transaction value
$0
Shares
+1,050
Change %
+1.8%
Price
$0.000000
Shares after
59,358
Date
04 Mar 2025
Ownership
Direct
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ROAD transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+1,050
Change %
Price
$0.000000
Shares after
1,050
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
1,050
Exercise price
Footnotes
F3, F4, F5
ROAD holding Derivative

Class B Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
20,160
Date
04 Mar 2025
Ownership
Direct
Underlying class
Class A Common Stock
Underlying amount
20,160
Exercise price
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The reported transaction represents a grant of restricted shares of Class A common stock, par value $0.001 ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") with time-based vesting criteria under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2025, 2026, 2027 and 2028. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.

Footnote F2

Includes 27,136 restricted shares of Class A common stock with time-based vesting criteria granted under the Plan that vest as follows: (i) 23,344 shares on September 30, 2025, (ii) 2,347 shares on September 30, 2026, (iii) 1,181 shares on September 30, 2027, and (iv) 264 shares on September 30, 2028. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the shares.

Footnote F3

Each RSU 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 RSUs do not expire.

Footnote F4

The reported transaction represents a grant of cash-settled restricted stock units with time-based vesting criteria ("RSUs") under the Plan. The RSUs subject to the reported award vest in one-fourth installments on September 30, 2025, 2026, 2027 and 2028.

Footnote F5

Includes 1,050 RSUs with time-based vesting criteria granted under the Plan that vest as follows: (i) 262 RSUs on September 30, 2025, (ii) 262 RSUs on September 30, 2026, (iii) 262 RSUs on September 30, 2027, and (iv) 264 RSUs on September 30, 2028.

Footnote F6

Each share of Class B common stock, par value $0.001 ("Class B common stock"), of the Issuer is convertible into one share of Class A common stock (i) at any time at the option of the holder or (ii) upon any transfer, except for certain transfers described in the Issuer's amended and restated certificate of incorporation. In addition, upon the election of the holders of a majority of the then-outstanding shares of Class B common stock, all outstanding shares of Class B common stock will be converted into shares of Class A common stock. The holders of Class A common stock and Class B common stock vote as a single class on all matters submitted to a vote of stockholders. The holders of Class A common stock are entitled to one vote per share, and the holders of the Class B common stock are entitled to 10 votes per share. The shares of Class B common stock do not expire.

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