Baugnon Robert G 4

What Happened
Robert G. Baugnon, Senior Vice President — Personnel and Administration of Construction Partners, Inc. (ROAD), acquired 55 shares of Class A common stock at $92.27 per share on April 2, 2026, for a reported total of $5,075. The shares were purchased under the company's Employee Stock Purchase Plan (ESPP), so this was an employee purchase (a buy), not a sale.

Key Details

• Transaction date and price: April 2, 2026 — 55 shares at $92.27 each (total reported $5,075).
• Filing date: April 6, 2026 — filing appears timely for a Form 4 (filed within the required two business days).
• Shares owned after transaction: The Form 4 does not state a full total beneficial ownership number; it does note inclusion of 4,839 restricted shares previously granted that vest over 2026–2029.
• Notable footnotes: (F1) Purchase made under Construction Partners’ Employee Stock Purchase Plan. (F2) Includes 4,839 restricted shares with time-based vesting (vesting schedule detailed) and the reporting person has sole voting power over the reported shares.

Context
This was an employee ESPP acquisition — a routine, small-dollar purchase reflecting participation in a company plan. Purchases by insiders can be of interest to investors as a sign of insider buying, but small purchases via ESPPs are common and do not on their own indicate a material change in insider sentiment.