4//SEC Filing
Flowers Robert P. 4
Accession 0001718227-25-000052
CIK 0001718227other
Filed
Apr 14, 8:00 PM ET
Accepted
Apr 15, 5:23 PM ET
Size
10.3 KB
Accession
0001718227-25-000052
Insider Transaction Report
Form 4
Flowers Robert P.
Senior Vice President
Transactions
- Sale
Class B Common Stock
2025-04-14$73.83/sh−5,990$442,242→ 0 total→ Class A Common Stock (5,990 underlying) - Sale
Class A Common Stock
2025-04-14$73.83/sh−3,333$246,075→ 46,601 total
Holdings
- 1,379
Restricted Stock Units
→ Class A Common Stock (1,379 underlying)
Footnotes (6)
- [F1]The reported transaction represents a privately negotiated sale of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer").
- [F2]Includes 31,949 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive 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, $0.001 par value, of the Issuer ("Class B common stock") 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 transaction represents a privately negotiated sale of shares of Class B common stock to another holder of Class B common stock.
- [F5]Each restricted stock unit ("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.
- [F6]Includes 1,379 RSUs with time-based vesting criteria previously granted under the Plan that vest as follows: (i) 459 RSUs on September 30, 2025, (ii) 459 RSUs on September 30, 2026, and (iii) 461 RSUs on September 30, 2027.
Documents
Issuer
Construction Partners, Inc.
CIK 0001718227
Entity typeother
Related Parties
1- filerCIK 0001739620
Filing Metadata
- Form type
- 4
- Filed
- Apr 14, 8:00 PM ET
- Accepted
- Apr 15, 5:23 PM ET
- Size
- 10.3 KB