Construction Partners VP gets 1,876-share stock grant

The PSUs vested in a single lump sum based on performance criteria for the three fiscal years ended September 30, 2024, 2025 and 2026.

Available on EDGAR 11/06/2026 - 04:18 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:18 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Construction Partners, Inc. (ROAD) reported that Senior VP, Personnel and Admin Robert G. Baugnon received 1,876 restricted Class A shares and 3,712 shares upon settlement of performance-based units on November 4, 2026. The restricted award vests in annual installments from September 30, 2027 through September 30, 2030, subject to continued service; the units vested in a lump sum based on criteria for the fiscal years ended September 30, 2024, 2025 and 2026. He surrendered 2,782 shares to the issuer for tax withholding based on $99.24 per share and held 40,000 restricted Class B shares scheduled to vest September 30, 2030.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Baugnon Robert G

Role Senior VP, Personnel and Admin

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2	1,876	$0.00	$0.00
Grant/Award	Class A Common Stock F3, F2	3,712	$0.00	$0.00
Tax Withholding	Class A Common Stock F4, F2	2,782	$99.24	$276K
Holding	Class B Common Stock F5, F6	--	--	--

Holdings After Transaction: Class A Common Stock — 26,633 shares (Direct); Class B Common Stock — 40,000 contracts (Direct)

Footnotes (6)

1. 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 "Equity Incentive Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2027, 2028, 2029 and 2030, subject to the reporting person's continued service with the Issuer through the respective vesting dates. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.
2. F2. Includes 4,566 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 1,945 shares on September 30, 2027, (ii) 1,326 shares on September 30, 2028, (iii) 826 shares on September 30, 2029, and (iv) 469 shares on September 30, 2030, in each case, subject to the reporting person's continued service with the Issuer through the respective vesting dates. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
3. F3. The reported transaction represents the issuance of shares of Class A common stock in settlement of performance-based restricted stock units ("PSUs") previously granted to the reporting person under the Equity Incentive Plan that vested on November 4, 2026. The PSUs vested in a single lump sum based on the satisfaction by the Issuer of certain performance criteria for the three-year period comprising the fiscal years ended September 30, 2024, 2025 and 2026.
4. F4. The reported transaction represents the surrender by the reporting person of shares of Class A common stock to the Issuer to satisfy tax withholding obligations arising from the issuance of Class A common stock pursuant to the vesting of PSUs previously awarded to the reporting person under the Equity Incentive Plan. Pursuant to the terms of the Equity Incentive Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $99.24 per share, the closing price for a share of Class A common stock on November 4, 2026, the vesting date.
5. F5. Each share of Class B common stock, $0.001 par value ("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.
6. F6. Includes 40,000 restricted shares of Class B common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2024 Restricted Stock Plan that vest as a single tranche on September 30, 2030, subject to the reporting person's continued service with the Issuer through such date.

Key Figures

Restricted Class A shares awarded: 1,876 shares Class A shares issued upon PSU settlement: 3,712 shares Shares surrendered for tax withholding: 2,782 shares +4 more

7 metrics

Restricted Class A shares awarded 1,876 shares November 4, 2026

Class A shares issued upon PSU settlement 3,712 shares November 4, 2026

Shares surrendered for tax withholding 2,782 shares November 4, 2026

Value used for tax withholding $99.24 per share Class A closing price on November 4, 2026

Restricted Class B shares held 40,000 shares Vesting in a single tranche on September 30, 2030

Restricted Class A shares listed in holdings footnote 4,566 shares Vesting from September 30, 2027 through September 30, 2030

Votes per Class B share 10 votes per share Class A shares carry one vote per share; both classes vote as a single class

Key Terms

time-based vesting criteria, performance-based restricted stock units (PSUs), tax withholding obligations, single tranche

4 terms

time-based vesting criteria technical

"the 1,876 restricted Class A shares awarded on November 4, 2026"

performance-based restricted stock units (PSUs) technical

"the 3,712 shares issued in settlement of PSUs on November 4, 2026"

tax withholding obligations financial

"the 2,782 shares surrendered to satisfy tax withholding obligations"

single tranche technical

"the 40,000 restricted Class B shares vesting on September 30, 2030"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ROAD shares did Robert G. Baugnon receive and surrender?

Senior VP, Personnel and Admin Robert G. Baugnon received 1,876 restricted Class A shares and 3,712 shares issued upon settlement of performance-based units on November 4, 2026. He surrendered 2,782 shares to the issuer for tax withholding, based on $99.24 per share.

What other restricted Class A shares are listed for Robert G. Baugnon?

A footnote lists 4,566 restricted Class A shares for Senior VP, Personnel and Admin Robert G. Baugnon. They vest as 1,945 shares on September 30, 2027, 1,326 on September 30, 2028, 826 on September 30, 2029 and 469 on September 30, 2030, subject to continued service through each vesting date.

What are the terms of Robert G. Baugnon's ROAD Class B shares?

The reported position included 40,000 restricted Class B shares for Senior VP, Personnel and Admin Robert G. Baugnon, vesting in a single tranche on September 30, 2030, subject to continued service. Each Class B share is convertible into one Class A share and carries 10 votes, while each Class A share carries one vote; both classes vote together as a single class.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Baugnon Robert G

(Last) (First) (Middle)

290 HEALTHWEST DRIVE, SUITE 2

(Street)

DOTHAN ALABAMA 36303

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Construction Partners, Inc. [ ROAD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Senior VP, Personnel and Admin

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	11/04/2026		A		1,876(1)	A	$0	25,703(2)	D
Class A Common Stock	11/04/2026		A		3,712(3)	A	$0	29,415(2)	D
Class A Common Stock	11/04/2026		F		2,782(4)	D	$99.24	26,633(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Common Stock	(5)							(5)	(5)	Class A Common Stock	40,000		40,000(6)	D

Explanation of Responses:

1. 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 "Equity Incentive Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2027, 2028, 2029 and 2030, subject to the reporting person's continued service with the Issuer through the respective vesting dates. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.

2. Includes 4,566 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 1,945 shares on September 30, 2027, (ii) 1,326 shares on September 30, 2028, (iii) 826 shares on September 30, 2029, and (iv) 469 shares on September 30, 2030, in each case, subject to the reporting person's continued service with the Issuer through the respective vesting dates. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.

3. The reported transaction represents the issuance of shares of Class A common stock in settlement of performance-based restricted stock units ("PSUs") previously granted to the reporting person under the Equity Incentive Plan that vested on November 4, 2026. The PSUs vested in a single lump sum based on the satisfaction by the Issuer of certain performance criteria for the three-year period comprising the fiscal years ended September 30, 2024, 2025 and 2026.

4. The reported transaction represents the surrender by the reporting person of shares of Class A common stock to the Issuer to satisfy tax withholding obligations arising from the issuance of Class A common stock pursuant to the vesting of PSUs previously awarded to the reporting person under the Equity Incentive Plan. Pursuant to the terms of the Equity Incentive Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $99.24 per share, the closing price for a share of Class A common stock on November 4, 2026, the vesting date.

5. Each share of Class B common stock, $0.001 par value ("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.

6. Includes 40,000 restricted shares of Class B common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2024 Restricted Stock Plan that vest as a single tranche on September 30, 2030, subject to the reporting person's continued service with the Issuer through such date.

Remarks:

	/s/ Robert G. Baugnon	11/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)