Baugnon Robert G 4

What Happened
Robert G. Baugnon, Senior Vice President – Personnel and Administration of Construction Partners, Inc. (ROAD), acquired 53 shares of Class A common stock on July 2, 2026 at $95.97 per share, a total cost of $5,086. The transaction was made under the company’s Employee Stock Purchase Plan (per filing footnote).

Key Details

• Transaction date and price: July 2, 2026 — 53 shares @ $95.97 each (total $5,086).
• Method: Purchase through the Construction Partners Employee Stock Purchase Plan (footnote F1).
• Holdings detail: Filing notes inclusion of 4,839 restricted shares previously granted under the 2018 Equity Incentive Plan that vest in installments (2,149 on 9/30/2026; 1,476 on 9/30/2027; 857 on 9/30/2028; 357 on 9/30/2029) (footnote F2). The reporting person has sole voting power over the reported shares.
• Filing timing: Report filed July 6, 2026 for a July 2 transaction. Form 4s are typically due within two business days of the transaction; this filing occurred four days after the trade (investors may want to confirm timeliness with the full SEC filing).

Context
This was a routine employee-plan purchase rather than a sale or option exercise. Purchases via company ESPPs are common for employees and can be viewed as a modest insider buy signal, though they often reflect participation in a benefits plan rather than a discrete investment decision. The restricted-share vesting schedule indicates additional compensation-related equity holdings that will vest through 2029.