4//SEC Filing
Flowers Robert P. 4
Accession 0001718227-23-000069
CIK 0001718227other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 4:05 PM ET
Size
7.8 KB
Accession
0001718227-23-000069
Insider Transaction Report
Form 4
Flowers Robert P.
Senior Vice President
Transactions
- Tax Payment
Class A Common Stock
2023-10-02$36.56/sh−562$20,547→ 62,805 total
Holdings
- 5,990
Class B Common Stock
→ Class A Common Stock (5,990 underlying)
Footnotes (3)
- [F1]Represents shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of an award of restricted Class A common stock. Pursuant to the Equity Incentive Plan and the applicable award agreement, the number of shares withheld was determined using a value of $36.56 per share, based on the closing price for a share of Class A common stock on September 29, 2023, the last trading day prior to the vesting date.
- [F2]Includes 56,864 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (i) 28,354 shares on September 30, 2024, (ii) 27,306 shares on September 30, 2025, and (iii) 1,204 shares on September 30, 2026. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
- [F3]Each share of Class B common stock, $0.001 par value ("Class B common stock"), of the Issuer 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 0001739620
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 4:05 PM ET
- Size
- 7.8 KB