Welcome to our dedicated page for Constr Partners SEC filings (Ticker: ROAD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Tracking state-funded road work, asphalt margins, and acquisition costs in Construction Partners’ dense disclosures can feel like navigating a 200-page bid package. That’s why this page brings every Construction Partners SEC filing explained simply, from the latest Construction Partners quarterly earnings report 10-Q filing to each Construction Partners 8-K material events explained.
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Need deeper context? Our summaries link each datapoint back to its source—whether you’re comparing year-over-year paving margins in the Construction Partners annual report 10-K simplified, reviewing safety metrics in an 8-K, or studying director pay in the latest Construction Partners proxy statement executive compensation. The platform covers every form type, including:
- 10-K & 10-Q: AI-driven Construction Partners earnings report filing analysis that surfaces segment revenue and asphalt-plant utilization.
- Form 4: Instant insight into Construction Partners insider trading Form 4 transactions.
- 8-K: Immediate summaries of contract wins, acquisitions, or leadership changes.
No more wading through technical schedules—get concise intelligence on paving demand, aggregate costs, and DOT funding in minutes.
Construction Partners, Inc. (ROAD) President and CEO, who also serves as a director, reported several share movements involving Class A and Class B common stock. On 11/24/2025, he entered a privately negotiated exchange of 33,658 shares of Class A common stock for an equal number of Class B shares with another Class B holder, with no sale price and no profit realized, and he agreed to voluntarily disgorge to the company any profits from matchable transactions within six months of these trades.
On 11/25/2025, he voluntarily converted 30,000 shares of Class B common stock into 30,000 shares of Class A on a one-for-one basis, as permitted by the company’s charter, and donated 30,000 Class A shares to a charitable donor-advised fund. Following these transactions, he directly holds 13,553 Class A shares, all of which are restricted, and indirectly holds additional Class A interests through Tar Frog Investment Management LLC, which he co-manages. Each Class B share is convertible into one Class A share and carries ten votes per share versus one vote for Class A.
Construction Partners, Inc. (ROAD) filed its annual report describing a year of aggressive growth in the Sunbelt road construction market. The company specializes in asphalt-based roadway construction and maintenance across eight states, supplying hot mix asphalt, aggregates and related services for public and private projects.
In fiscal 2025, it executed a major acquisition program, completing five deals across four states with aggregate consideration of approximately $1.5 billion, adding 27 HMA plants, four aggregate facilities, terminals and a large equipment fleet. Subsequent to year-end, it closed additional Houston- and Florida-focused acquisitions totaling about $262.1 million. Contract backlog rose to $3.0 billion at September 30, 2025, up from $2.0 billion a year earlier, with about 78% expected to convert within 12 months.
The company also restructured its capital base, drawing an $850.0 million Term Loan B in November 2024 and expanding its Term Loan A and revolving credit facility to $600.0 million and $500.0 million, respectively, both maturing in 2030. Public customers accounted for roughly 65% of fiscal 2025 revenues and projects for all state DOTs represented 43.4%. Management introduced its ROAD 2030 plan, which contemplates revenues exceeding $6 billion by fiscal 2030.
Construction Partners, Inc. (ROAD)
After this tax-related share surrender, the reporting person beneficially owned 27,575 shares of Class A common stock, including 3,632 restricted shares that vest in tranches from September 30, 2026 through September 30, 2029. The filing also notes 12,458 shares of Class B common stock, which are convertible into an equal number of Class A shares and carry 10 votes per share, and 1,388 cash-settled restricted stock units that vest between 2026 and 2028.
Construction Partners, Inc. (ROAD) insider activity centered on tax withholding. Reporting person Ned N. Fleming, IV surrendered 2,129 shares of Class A common stock on November 19, 2025, coded as an "F" transaction, to the company to cover tax obligations from previously awarded performance-based restricted stock units. The number of shares was calculated using a value of $112.02 per share, the closing price of Class A stock on November 4, 2025, the vesting date.
After this transaction, Fleming directly beneficially owned 43,964 shares of Class A common stock and indirectly held 9,333 shares through Tar Frog Investment Management LLC. He also has significant holdings of Class B common stock that are convertible into Class A shares on specified terms, as well as 1,360 cash-settled restricted stock units that vest over time.
Construction Partners, Inc. (ROAD) reported that its President, CEO and director surrendered 12,785 shares of Class A common stock on 11/19/2025 to the company to cover tax withholding tied to the vesting of previously granted performance-based restricted stock units. The share value for this tax withholding was set at $112.02 per share, based on the Class A closing price on November 4, 2025, the vesting date.
After this transaction, the insider beneficially owns 47,211 shares of Class A common stock directly, including 13,553 restricted shares that vest in tranches from September 30, 2026 through September 30, 2029, and 9,333 shares held indirectly through Tar Frog Investment Management LLC. The insider also reports 433,497 shares of Class B common stock held directly and 140,572 Class B shares held indirectly through Tar Frog, each Class B share being convertible into one Class A share and carrying 10 votes per share.
Construction Partners, Inc. (ROAD)
After this tax-related share surrender, Baugnon beneficially owns 24,547 shares of Class A common stock, including 4,839 restricted shares that vest in stages: 2,149 shares on September 30, 2026, 1,476 shares on September 30, 2027, 857 shares on September 30, 2028, and 357 shares on September 30, 2029. He retains sole voting power over the reported shares.
Construction Partners, Inc. (ROAD) reported an insider equity transaction by its SVP and Chief Financial Officer, Gregory A. Hoffman. On 11/19/2025, he surrendered 3,527 shares of Class A common stock at a value of $112.02 per share to the company to cover tax withholding due on the vesting of performance-based restricted stock units granted under the 2018 Equity Incentive Plan, which vested on November 4, 2025.
After this tax-related surrender, he beneficially owns 40,217 shares of Class A common stock, including 7,043 restricted shares scheduled to vest in tranches on September 30 of 2026, 2027, 2028, and 2029. He also holds 20,621 shares of Class B common stock, each convertible into one Class A share and carrying 10 votes per share compared with one vote per Class A share.
Construction Partners, Inc. (ROAD) filed a Form 8-K to announce that it issued a press release with financial results for its fiscal quarter and fiscal year ended September 30, 2025. The press release, dated November 20, 2025, is furnished as Exhibit 99.1 and incorporated by reference into this report. The company notes that the information in Item 2.02 and Exhibit 99.1 is being furnished, not filed, so it is not subject to certain Exchange Act liabilities or automatically incorporated into Securities Act registration statements.
Construction Partners, Inc. (ROAD) amended its performance stock unit award agreement for LTIP-B awards under the 2018 Equity Incentive Plan. Effective November 4, 2025, the Compensation Committee may, at its sole discretion, settle vested LTIP-B awards in the cash-equivalent value of the underlying Class A common shares. The company also updated certain previously granted unvested LTIP-B awards, including those held by named executive officers, to include this cash settlement provision. The full amended form is filed as Exhibit 10.1.
Construction Partners (ROAD): Ned N. Fleming, IV reported equity changes on 11/04/2025. He received 1,428 shares of Class A common stock at $0 as a time‑based restricted stock grant under the 2018 Equity Incentive Plan, vesting in one‑fourth installments on September 30, 2026, 2027, 2028, and 2029.
He also received 3,137 Class A shares issued upon settlement of performance‑based restricted stock units for the three fiscal years ended September 30, 2025. Following these transactions, beneficial ownership of Class A common stock was 46,093 shares direct and 9,333 shares indirect via Tar Frog Investment Management LLC.
Derivative holdings include Class B common stock convertible 1:1 into Class A: 100,869 shares direct, 241,008 shares indirect via the Ned N. Fleming, IV 2013 Trust, and 140,572 shares indirect via Tar Frog. Cash‑settled RSUs outstanding total 1,360 with time‑based vesting through 2028.