4//SEC Filing
Palmer Royce Alan 4
Accession 0001718227-21-000084
CIK 0001718227other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 2:54 PM ET
Size
8.3 KB
Accession
0001718227-21-000084
Insider Transaction Report
Form 4
Palmer Royce Alan
See Remarks
Transactions
- Exercise/Conversion
Class A Common Stock
2021-10-15+10,000→ 33,500 total - Conversion
Class B Common Stock
2021-10-15−10,000→ 130,209 total→ Class A Common Stock (10,000 underlying)
Footnotes (3)
- [F1]As permitted by the amended and restated certificate of incorporation of Construction Partners, Inc. (the "Issuer"), the reporting person has elected to convert the reported number of shares of Class B common stock, par value $0.001 per share ("Class B common stock") on a one-for-one basis into shares of Class A common stock, par value $0.001 per share ("Class A common stock").
- [F2]Includes 20,000 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the Issuer's 2018 Equity Incentive Plan that vest in one-half installments on September 30, 2024 and 2025. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares.
- [F3]Each share of 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 Company'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 0001739312
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 2:54 PM ET
- Size
- 8.3 KB