4//SEC Filing
Andrews Todd Keith 4
Accession 0001718227-23-000121
CIK 0001718227other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:17 PM ET
Size
7.5 KB
Accession
0001718227-23-000121
Insider Transaction Report
Form 4
Andrews Todd Keith
Chief Accounting Officer
Transactions
- Tax Payment
Class A Common Stock
2023-12-19$43.75/sh−171$7,481→ 27,729 total
Holdings
- 1,144
Restricted Stock Units
→ Class A Common Stock (1,144 underlying)
Footnotes (5)
- [F1]Represents shares of Class A common stock, par value $0.001 ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") surrendered to the Issuer to satisfy tax withholding obligations upon the grant of immediately vested shares of Class A common stock on December 13, 2023.
- [F2]Pursuant to the terms of the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan") and the applicable award agreement, the number of shares withheld was determined using a value of $43.75 per share, based on the closing price for a share of Class A common stock on the vesting date.
- [F3]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.
- [F4]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.
- [F5]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 20, 7:00 PM ET
- Accepted
- Dec 21, 4:17 PM ET
- Size
- 7.5 KB