Construction Partners CEO surrenders 2,903 shares
The president and CEO’s reported Class B holdings carry 10 votes per share and convert one-for-one into Class A common stock.
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Form Type
4
Rhea-AI Filing Summary
Construction Partners, Inc. (ROAD) President and CEO Fred Julius Smith III surrendered 2,903 Class A shares to the company on October 2, 2026, to satisfy tax withholding obligations upon restricted-share vesting. The shares were valued using $90.03 per share, the closing price on September 30, 2026, the vesting date. Smith reported 10,650 Class A shares held directly afterward, including 7,326 restricted shares scheduled to vest in tranches on September 30, 2027, September 30, 2028, and September 30, 2029.
Insights
Analyzing...
Insider Trade Summary
Tax Withholding: 2,903 shares
Tax Withholding
5 txns
Insider
Smith Fred Julius III
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 2,903 | $90.03 | $261K |
| holding | Class B Common Stock F4, F5 | -- | -- | -- |
| holding | Class B Common Stock F4, F3 | -- | -- | -- |
| holding | Class B Common Stock F4, F6 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 10,650 shares (Direct);
Class B Common Stock — 427,155 contracts (Direct);
Class B Common Stock — 140,572 contracts (Indirect, By Tar Frog Investment Management LLC);
Class B Common Stock — 60,000 contracts (Indirect, By FJS3 ROADventure, LLC);
Class A Common Stock — 9,333 shares (Indirect, By Tar Frog Investment Management LLC)
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 7,326 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 4,105 shares on September 30, 2027, (ii) 2,267 shares on September 30, 2028, and (iii) 954 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. The reported shares are held by a limited liability company for which the reporting person serves as co-manager, and, in such capacity, shares the power to vote and direct the disposition of the shares.
- F4. 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.
- F5. Includes 50,000 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.
- F6. The reported shares are held by a limited liability company for which the reporting person serves as the sole manager, and, in such capacity, has the sole power to vote and direct the disposition of the shares.
Key Figures
Class A shares surrendered: 2,903 shares
Value used per share: $90.03 per share
Class A shares held directly: 10,650 shares
+4 more
7 metrics
Class A shares surrendered
2,903 shares
For tax withholding on October 2, 2026
Value used per share
$90.03 per share
Closing price on September 30, 2026, used to determine shares surrendered
Class A shares held directly
10,650 shares
Reported after the transaction on October 2, 2026
Restricted Class A shares
7,326 shares
Included in direct holdings; vesting dates are September 30, 2027, September 30, 2028, and September 30, 2029
Class B shares held directly
427,155 shares
Reported after the transaction on October 2, 2026
Class B shares held by Tar Frog Investment Management LLC
140,572 shares
Reported indirect holding on October 2, 2026
Class B shares held by FJS3 ROADventure, LLC
60,000 shares
Reported indirect holding on October 2, 2026
Key Terms
tax withholding obligations, time-based vesting criteria, convertible
3 terms
tax withholding obligations financial
"to satisfy tax withholding obligations"
time-based vesting criteria financial
"with time-based vesting criteria"
convertible technical
"is convertible into one share of Class A common stock"
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What Class B holdings did Fred Julius Smith III report?
Smith reported 427,155 Class B shares held directly. Tar Frog Investment Management LLC held 140,572 Class B shares, with Smith serving as co-manager and sharing voting and disposition power; FJS3 ROADventure, LLC held 60,000, with Smith as sole manager and sole voting and disposition power.
AI-generated analysis. How Rhea-AI works. Not financial advice.
