Construction Partners (NASDAQ: ROAD) awards 40,000 Class B restricted shares to senior VP

Rhea-AI Filing Summary

Baugnon Robert G reported acquisition or exercise transactions in this Form 4 filing.

Construction Partners, Inc. reported that Senior VP, Personnel and Admin, Robert G. Baugnon received a grant of 40,000 restricted shares of Class B common stock on August 6, 2026. These shares carry time-based vesting and are scheduled to vest in a single tranche on September 30, 2030, subject to his continued service. Each Class B share is convertible into one share of Class A common stock and carries 10 votes per share. Following this grant, he directly holds 40,000 restricted Class B shares and 24,655 Class A shares, including 4,839 restricted Class A shares that vest between 2026 and 2029.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Baugnon Robert G

Role Senior VP, Personnel and Admin

Type	Security	Shares	Price	Value
Grant/Award	Class B Common Stock F2, F3, F4	40,000	$0.00	$0.00
holding	Class A Common Stock F1	--	--	--

Holdings After Transaction: Class B Common Stock — 40,000 shares (Direct); Class A Common Stock — 24,655 shares (Direct)

Footnotes (4)

1. F1. Includes 4,839 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 previously granted under the Construction Partners, Inc. 2018 Equity 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) 2,149 shares on September 30, 2026, (ii) 1,476 shares on September 30, 2027, (iii) 857 shares on September 30, 2028 and (iv) 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.
2. F2. 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.
3. F3. The reported transaction represents a grant of restricted shares of Class B common stock with time-based vesting criteria under the Construction Partners, Inc. 2024 Restricted Stock Plan. The shares of Class B common stock subject to the reported award vest as a single tranche on September 30, 2030, subject to the reporting person's continued service with the Issuer through such date.
4. F4. Includes 40,000 restricted shares of Class B common stock with time-based vesting criteria granted under the 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 B shares granted: 40,000 shares Class B vesting date: September 30, 2030 Class A shares held: 24,655 shares +2 more

5 metrics

Restricted Class B shares granted 40,000 shares Grant of restricted Class B common stock on August 6, 2026

Class B vesting date September 30, 2030 Single-tranche vesting for 40,000 restricted Class B shares

Class A shares held 24,655 shares Direct Class A common stock holdings after reported transactions

Restricted Class A shares 4,839 shares Time-based vesting Class A restricted stock held by the executive

Class B voting power 10 votes per share Voting rights attached to each Class B common share

Key Terms

restricted shares, time-based vesting criteria, 2018 Equity Incentive Plan, 2024 Restricted Stock Plan, +1 more

5 terms

restricted shares financial

"Includes 4,839 restricted shares of Class A common stock, par value $0.001"

Restricted shares are company stock that cannot be sold or transferred immediately because they are subject to legal or contractual limits, such as a required holding period or performance conditions. They matter to investors because these locked-up shares can affect a company’s available stock for trading, future dilution, and insider incentives—imagine a gift that can’t be cashed until certain conditions are met, which changes when and how much supply can suddenly enter the market.

time-based vesting criteria financial

"restricted shares of Class A common stock ... with time-based vesting criteria previously granted"

2018 Equity Incentive Plan financial

"previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan"

2024 Restricted Stock Plan financial

"grant of restricted shares of Class B common stock with time-based vesting criteria under the Construction Partners, Inc. 2024 Restricted Stock Plan"

convertible financial

"Each share of Class B common stock ... 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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/10/2026 - 04:45 PM Accepted by SEC EDGAR 08/10/2026 - 04:45 PM Learn about SEC filing dates

FAQ

What did ROAD executive Robert G. Baugnon receive in the latest Form 4 filing?

Robert G. Baugnon received a grant of 40,000 restricted shares of Class B common stock on August 6, 2026. These shares vest as a single tranche on September 30, 2030, subject to his continued service with Construction Partners, Inc.

When do Robert G. Baugnon’s new Class B restricted shares in ROAD vest?

The 40,000 restricted Class B shares granted to Robert G. Baugnon vest in a single tranche on September 30, 2030. Vesting is conditioned on his continued service with Construction Partners, Inc. through that date under the 2024 Restricted Stock Plan.

How many Construction Partners (ROAD) shares does Robert G. Baugnon hold after the reported transactions?

After the reported transactions, Robert G. Baugnon holds 40,000 restricted Class B common shares and 24,655 Class A common shares. The Class A holdings include 4,839 restricted shares with time-based vesting between 2026 and 2029.

What are the voting rights of Construction Partners’ Class B common stock reported in this Form 4?

Each share of Class B common stock is entitled to 10 votes per share, while Class A shares carry one vote per share. Both classes vote together as a single class on all matters submitted to stockholders.

Can the Class B shares granted to the ROAD executive be converted into Class A shares?

Each Class B common share is convertible into one share of Class A common stock at any time at the holder’s option or upon transfers, subject to specified exceptions, and also upon election by holders of a majority of Class B shares.

What are the vesting terms for Robert G. Baugnon’s restricted Class A shares in ROAD?

His 4,839 restricted Class A shares vest over multiple dates: 2,149 on September 30, 2026, 1,476 on September 30, 2027, 857 on September 30, 2028, and 357 on September 30, 2029, subject to continued service.

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)
08/06/2026

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								24,655(1)	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	(2)	08/06/2026		A(3)		40,000		(2)	(2)	Class A Common Stock	40,000	$0	40,000(4)	D

Explanation of Responses:

1. Includes 4,839 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 previously granted under the Construction Partners, Inc. 2018 Equity 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) 2,149 shares on September 30, 2026, (ii) 1,476 shares on September 30, 2027, (iii) 857 shares on September 30, 2028 and (iv) 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.

2. 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.

3. The reported transaction represents a grant of restricted shares of Class B common stock with time-based vesting criteria under the Construction Partners, Inc. 2024 Restricted Stock Plan. The shares of Class B common stock subject to the reported award vest as a single tranche on September 30, 2030, subject to the reporting person's continued service with the Issuer through such date.

4. Includes 40,000 restricted shares of Class B common stock with time-based vesting criteria granted under the 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	08/10/2026
	** 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)