Construction Partners (NASDAQ: ROAD) director reports 1,000-share gift
Rhea-AI Filing Summary
Construction Partners, Inc. director Michael H. McKay reported a charitable donation of 1,000 shares of Class A common stock on 12/16/2025 at a price of $0. After the gift, a trust for which he serves as sole trustee holds 22,192 Class A shares indirectly.
The filing also lists his Class B common stock positions, which are convertible into Class A on a one-for-one basis. He holds 73,197 Class B shares indirectly through the trust and 8,000 restricted Class B shares directly, with 5,333 scheduled to vest on January 1, 2027 and 2,667 on January 1, 2028. Class B shares carry 10 votes per share compared with one vote per share for Class A, and both classes vote together.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 1,000 | $0.00 | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Footnotes (1)
- The reported transaction represents a charitable donation of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") by the reporting person. The reported shares are held by a trust for which the reporting person serves as sole trustee, and in such capacity shares the power to vote and direct the disposition of such shares. 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. Includes 8,000 restricted shares of Class B common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2024 Restricted Stock Plan that vest as follows: (i) 5,333 shares on January 1, 2027 and (ii) 2,667 shares on January 1, 2028. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.
FAQ
What insider transaction did Construction Partners (ROAD) disclose in this filing?
The report shows that director Michael H. McKay made a charitable donation of 1,000 shares of Class A common stock of Construction Partners, Inc. on 12/16/2025 at a reported price of $0.
What is Michael H. McKay’s role at Construction Partners (ROAD)?
Michael H. McKay is identified as a director of Construction Partners, Inc. in the ownership report, and some of his holdings are reported as being held through a trust where he is the sole trustee.
What are the key terms of Construction Partners’ Class B common stock?
Each share of Class B common stock is convertible into one share of Class A common stock at any time at the holder’s option or upon most transfers. Holders of Class A and Class B vote together as a single class, with Class A entitled to one vote per share and Class B entitled to 10 votes per share. The Class B shares do not expire.
What Class B common stock holdings and vesting schedule does Michael H. McKay report at Construction Partners (ROAD)?
The report lists 73,197 shares of Class B common stock held indirectly through the trust and 8,000 restricted shares of Class B common stock held directly. These restricted shares vest in tranches of 5,333 shares on January 1, 2027 and 2,667 shares on January 1, 2028, and he has sole voting power over them.