4//SEC Filing
Smith Fred Julius III 4
Accession 0001628280-25-043894
CIK 0001718227other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 7:23 AM ET
Size
10.5 KB
Accession
0001628280-25-043894
Insider Transaction Report
Form 4
Smith Fred Julius III
DirectorPresident and CEO
Transactions
- Tax Payment
Class A Common Stock
2025-10-02$127.00/sh−26,651$3,384,677→ 40,275 total
Holdings
- 9,333(indirect: By LLC)
Class A Common Stock
- 424,388
Class B Common Stock
→ Class A Common Stock (424,388 underlying) - 140,572(indirect: By LLC)
Class B Common Stock
→ Class A Common Stock (140,572 underlying)
Footnotes (4)
- [F1]The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class A common stock previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreements, the number of shares surrendered was determined using a value of $127.00 per share, the closing price for a share of Class A common stock on September 30, 2025, the vesting date.
- [F2]Includes 9,737 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 5,273 shares on September 30, 2026, (ii) 3,151 shares on September 30, 2027, and (iii) 1,313 shares on September 30, 2028. 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 limited liability company for which the reporting person serves as co-manager, and, in such capacity, shares the power to vote and direct the disposition of the shares.
- [F4]Each share of Class B common stock, par value $0.001 per share, of the Issuer ("Class B common stock") 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.
Documents
Issuer
Construction Partners, Inc.
CIK 0001718227
Entity typeother
Related Parties
1- filerCIK 0001739258
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 7:23 AM ET
- Size
- 10.5 KB