ROAD insider transactions: 72 ESPP purchase and 5,152 shares surrendered
Rhea-AI Filing Summary
Robert G. Baugnon, Senior VP, Personnel and Admin and a director of Construction Partners, Inc. (ROAD), reported two changes in his Class A common stock holdings in early October 2025. On 10/01/2025 he purchased 72 shares under the company Employee Stock Purchase Plan at $88.99 per share. On 10/02/2025 he surrendered 5,152 shares to satisfy tax withholding on vested restricted shares, using a valuation of $127.00 per share (the closing price on the 9/30/2025 vesting date).
Following these transactions Mr. Baugnon directly owned 20,795 shares of Class A common stock. The filing discloses an outstanding balance of 3,411 time‑vested restricted shares that vest in tranches on 9/30/2026 (1,792 shares), 9/30/2027 (1,119), and 9/30/2028 (500). The reporting person has sole voting power over the reported shares.
Positive
- Participation in Employee Stock Purchase Plan demonstrates officer alignment with shareholder interests (purchase of 72 shares).
- Sole voting power retained over reported shares provides clear governance disclosure.
Negative
- Share surrender of 5,152 to cover tax withholding reduced the reporting person's liquid shareholdings.
- Direct holdings reduced to 20,795 shares after the reported transactions.
Insights
Insider exercised ESPP purchase and used share surrender for tax withholding on vested restricted stock.
The 10/01/2025 purchase of 72 shares under the Employee Stock Purchase Plan is a routine equity participation by an officer. The subsequent 10/02/2025 surrender of 5,152 shares to cover tax withholding reflects standard treatment when restricted shares vest and taxes are due.
The filing shows a remaining direct holding of 20,795 shares and 3,411 restricted shares vesting across 2026–2028, with sole voting power retained by the reporting person; these are disclosure items relevant to insider ownership and potential voting influence.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 5,152 | $127.00 | $654K |
| Grant/Award | Class A Common Stock | 72 | $88.99 | $6K |
Footnotes (1)
- The reported transaction represents the purchase of shares of Class A common stock, par value $0.001 ("Class A common stock") of Construction Partners, Inc. (the "Issuer") by the reporting person pursuant to the Construction Partners, Inc. Employee Stock Purchase Plan. 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 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 agreements, the number of shares surrendered was determined using a value of $127.00 per share, the closing price for a share of Class A common stock on September 30, 2025, the vesting date. Includes 3,411 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 1,792 shares on September 30, 2026, (ii) 1,119 shares on September 30, 2027, and (iii) 500 shares on September 30, 2028. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
