4//SEC Filing
Flowers Robert P. 4
Accession 0001718227-25-000037
CIK 0001718227other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 4:43 PM ET
Size
9.4 KB
Accession
0001718227-25-000037
Insider Transaction Report
Form 4
Flowers Robert P.
Senior Vice President
Transactions
- Award
Class A Common Stock
2025-03-04+2,060→ 49,934 total
Holdings
- 5,990
Class B Common Stock
→ Class A Common Stock (5,990 underlying) - 1,379
Restricted Stock Units
→ Class A Common Stock (1,379 underlying)
Footnotes (4)
- [F1]The reported transaction represents a grant of restricted shares of Class A common stock, par value $0.001 ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") with time-based vesting criteria under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2025, 2026, 2027 and 2028. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.
- [F2]Includes 31,949 restricted shares of Class A common stock with time-based vesting criteria granted under the Plan that vest as follows: (i) 28,280 shares on September 30, 2025, (ii) 2,178 shares on September 30, 2026, (iii) 976 shares on September 30, 2027, and (iv) 515 shares on September 30, 2028. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the shares.
- [F3]Each share of Class B common stock, par value $0.001 ("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.
- [F4]The reported holdings represent cash-settled restricted stock units with time-based vesting criteria ("RSUs") previously issued under the Plan. Each RSU 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 RSUs do not expire.
Documents
Issuer
Construction Partners, Inc.
CIK 0001718227
Entity typeother
Related Parties
1- filerCIK 0001739620
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 4:43 PM ET
- Size
- 9.4 KB