4//SEC Filing
Andrews Todd Keith 4
Accession 0001718227-24-000151
CIK 0001718227other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 6:11 PM ET
Size
7.4 KB
Accession
0001718227-24-000151
Insider Transaction Report
Form 4
Andrews Todd Keith
Chief Accounting Officer
Transactions
- Tax Payment
Class A Common Stock
2024-12-27$90.93/sh−1,573$143,033→ 15,821 total
Holdings
- 858
Restricted Stock Units
→ Class A Common Stock (858 underlying)
Footnotes (4)
- [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 arising from the vesting of performance share awards and shares of restricted stock on December 17, 2024.
- [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 $95.90 per share, based on the closing price for a share of Class A common stock on the vesting date.
- [F3]Includes 10,542 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the Plan that vest as follows: (i) 9,220 shares on September 30, 2025, (ii) 1,036 shares on September 30, 2026, and (iii) 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. The reported restricted stock units do not expire and vest in equal installments on each of September 30, 2025, 2026 and 2027.
Documents
Issuer
Construction Partners, Inc.
CIK 0001718227
Entity typeother
Related Parties
1- filerCIK 0001761266
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 6:11 PM ET
- Size
- 7.4 KB