4//SEC Filing
Andrews Todd Keith 4
Accession 0001718227-23-000111
CIK 0001718227other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 4:04 PM ET
Size
13.1 KB
Accession
0001718227-23-000111
Insider Transaction Report
Form 4
Andrews Todd Keith
Chief Accounting Officer
Transactions
- Award
Class A Common Stock
2023-12-13+2,616→ 26,943 total - Award
Class A Common Stock
2023-12-13+1,144→ 28,668 total - Award
Restricted Stock Units
2023-12-13+1,144→ 1,144 total→ Class A Common Stock (1,144 underlying) - Award
Class A Common Stock
2023-12-13+581→ 27,524 total - Tax Payment
Class A Common Stock
2023-12-14$43.35/sh−768$33,293→ 27,900 total
Footnotes (7)
- [F1]On December 29, 2021, the reporting person was granted 3,033 performance-based restricted stock units ("PSUs") pursuant to the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan"). The PSUs vested in a single lump-sum based on the satisfaction by Construction Partners, Inc. (the "Issuer") of certain performance criteria for the three-year period comprising the 2021, 2022 and 2023 fiscal years. The performance criteria for were partially met, resulting in the vesting of 2,616 PSUs.
- [F2]The reported transaction represents a grant of immediately vested shares of Class A common stock, $0.001 par value ("Class A common stock"), of the Issuer under the Plan.
- [F3]The reported transaction represents a grant of restricted shares of Class A common stock of the Issuer with time-based vesting criteria under the Plan. The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2024, 2025, 2026 and 2027. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares.
- [F4]Includes 20,410 restricted shares of Class A common stock with time-based vesting criteria granted under the Plan that vest as follows: (i) 9,868 shares on September 30, 2024, (ii) 9,220 shares on September 30, 2025, (iii) 1,036 shares on September 30, 2026, and (iv) 286 shares on September 30, 2027. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
- [F5]Represents shares of Class A common stock surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the PSUs.
- [F6]Each restricted stock unit represents a contingent right to receive cash in an amount equal to the value of one share of Class A common stock on the applicable vesting date.
- [F7]The restricted stock units vest in one-fourth installments beginning on the first September 30 following the grant date and on September 30 of each of the next three succeeding years.
Documents
Issuer
Construction Partners, Inc.
CIK 0001718227
Entity typeother
Related Parties
1- filerCIK 0001761266
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 4:04 PM ET
- Size
- 13.1 KB