Construction Partners CFO buys 49 Class A shares
The CFO's reported Class B holdings include 50,000 restricted shares vesting September 30, 2030, subject to continued service; each Class B share carries 10 votes.
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Rhea-AI Filing Summary
Construction Partners, Inc. SVP, Chief Financial Officer Gregory A. Hoffman reported acquiring 49 Class A shares through the Employee Stock Purchase Plan on October 9, 2026, at $76.53 per share. His direct Class A holdings afterward were 38,891 shares, including 3,893 restricted shares scheduled to vest from September 30, 2027, through September 30, 2029. He also reported 70,621 direct Class B shares, including 50,000 restricted shares vesting September 30, 2030, subject to continued service. Each Class B share is convertible into one Class A share and carries 10 votes, compared with one vote per Class A share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 49 | $76.53 | $4K |
| holding | Class B Common Stock F3, F4 | -- | -- | -- |
Footnotes (4)
- F1. 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.
- F2. Includes 3,893 restricted shares of Class A common stock with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2018 Equity 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
Employee Stock Purchase Plan financial
time-based vesting criteria technical
Class B common stock technical
convertible technical
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