Construction Partners counsel surrenders 774 shares
The share count was set using the $90.03 closing price on the September 30 vesting date.
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Rhea-AI Filing Summary
Construction Partners, Inc. reported that SVP and General Counsel Judson Ryan Brooks surrendered 774 shares of Class A common stock to the company on October 2, 2026, to satisfy tax withholding obligations upon vesting of previously awarded restricted shares. The share count was determined using $90.03 per share, the closing price on September 30, 2026, the vesting date. After the transaction, Brooks directly held 24,701 Class A shares; his reported direct positions also included 52,458 Class B shares and 819 cash-settled RSUs.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 774 | $90.03 | $70K |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
| holding | Restricted Stock Units F5, F6 | -- | -- | -- |
Footnotes (6)
- F1. The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") to the Issuer to satisfy tax withholding obligations upon the vesting of restricted shares of Class A common stock previously awarded to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan"). Pursuant to the terms of the Incentive Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $90.03 per share, the closing price for a share of Class A common stock on September 30, 2026, the vesting date.
- F2. Includes 1,890 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 926 shares on September 30, 2027, (ii) 607 shares on September 30, 2028, and (iii) 357 shares on September 30, 2029. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
- F3. 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.
- F4. 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.
- 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 819 cash-settled RSUs with time-based vesting criteria previously granted to the reporting person under the Incentive Plan that vest as follows, in each case, subject to the reporting person's continued service with the Issuer through the applicable vesting date: (i) 569 RSUs on September 30, 2027, and (ii) 250 RSUs on September 30, 2028.
Key Figures
Key Terms
tax withholding obligations financial
restricted stock unit financial
cash-settled RSUs financial
time-based vesting criteria financial
FAQ
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When do Judson Ryan Brooks’s ROAD cash-settled RSUs vest?
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