Construction Partners CFO surrenders 1,375 shares
The chief financial officer reported 38,842 Class A shares and 70,621 Class B shares held directly after the transaction.
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Rhea-AI Filing Summary
Construction Partners, Inc. Chief Financial Officer Gregory A. Hoffman surrendered 1,375 Class A shares to the issuer on October 2, 2026, to satisfy tax withholding obligations upon vesting of previously awarded restricted shares. The shares were valued at $90.03 per share, the closing price on September 30, 2026. After the transaction, Hoffman directly held 38,842 Class A shares and 70,621 Class B shares. His Class B holdings include 50,000 restricted shares scheduled to vest on September 30, 2030, subject to continued service.
Insights
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 1,375 | $90.03 | $124K |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
Footnotes (4)
- 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 3,893 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 2,270 shares on September 30, 2027, (ii) 1,145 shares on September 30, 2028, and (iii) 478 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 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.
Key Figures
Key Terms
tax withholding obligations financial
time-based vesting criteria technical
vote as a single class regulatory
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