Construction Partners (ROAD) SVP Robert Baugnon Receives Award

What Happened
Robert G. Baugnon, Senior Vice President of Personnel and Administration at Construction Partners (ROAD), received a grant of 40,000 restricted shares of Class B common stock on August 6, 2026. The shares were granted at a reported price of $0 and are reported as a derivative award (restricted stock) that vests as a single tranche on September 30, 2030. The award is compensation-related (an "A" / Award transaction), not an open-market purchase or sale.

Key Details

• Transaction date: August 6, 2026; filing date: August 10, 2026 (appears timely under the 2-business-day Form 4 rule).
• Award: 40,000 restricted shares of Class B common stock; reported acquisition price $0; vesting in full on September 30, 2030 (per footnotes F3/F4).
• Post-transaction holdings (as reported): includes the newly granted 40,000 restricted Class B shares plus previously reported 4,839 restricted Class A shares that vest on staggered dates from Sept 30, 2026–2029 (see F1).
• Class structure: Each Class B share is convertible into one Class A share and carries greater voting power (Class B holders have 10 votes per share) until converted; Class A and Class B vote as a single class (see F2).
• Voting/ownership notes: The reporting person has sole voting power with respect to the reported Class A restricted shares (F1).
• Filing type: Award/Grant (code A). This is a compensation grant, not a purchase or sale; it doesn’t indicate immediate market action.

Context: Restricted stock grants are typically part of executive/employee compensation and vest over time, so they are not immediate purchases or sales. Such awards increase reported potential ownership if vesting conditions are met but do not by themselves signal an insider buying or selling shares on the open market.