Construction Partners CEO granted 50,000 Class B shares
Smith Fred Julius III reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Smith Fred Julius III reported acquisition or exercise transactions in this Form 4 filing.
Construction Partners, Inc. reported that President and CEO Fred Julius Smith III received a grant of 50,000 restricted shares of Class B common stock on August 6, 2026. These shares vest as a single tranche on September 30, 2030, subject to continued service, bringing his directly held Class B position to 427,155 shares. He also reports indirect holdings of Class B through two LLCs and both restricted and indirect holdings of Class A common stock.
Insider Trade Summary
Grant/Award: 50,000 shares
Grant/Award
5 txns
Insider
Smith Fred Julius III
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F3, F4, F5 | 50,000 | $0.00 | $0.00 |
| holding | Class B Common Stock F3, F2 | -- | -- | -- |
| holding | Class B Common Stock F3, F6 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 427,155 contracts (Direct);
Class B Common Stock — 140,572 contracts (Indirect, By Tar Frog Investment Management LLC);
Class B Common Stock — 60,000 contracts (Indirect, By FJS3 ROADventure, LLC);
Class A Common Stock — 13,553 shares (Direct);
Class A Common Stock — 9,333 shares (Indirect, By Tar Frog Investment Management LLC)
Footnotes (6)
- F1. Includes 13,553 restricted shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer"), with time-based vesting criteria previously granted to the reporting person under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "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) 6,227 shares on September 30, 2026, (ii) 4,105 shares on September 30, 2027, (iii) 2,267 shares on September 30, 2028, and (iv) 954 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.
- F2. The reported shares are held by a limited liability company for which the reporting person serves as co-manager, and, in such capacity, shares the power to vote and direct the disposition of the 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. 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 "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.
- F5. Includes 50,000 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.
- F6. The reported shares are held by a limited liability company for which the reporting person serves as the sole manager, and, in such capacity, has the sole power to vote and direct the disposition of the shares.
Key Figures
Restricted Class B shares granted: 50,000 shares
Direct Class B holdings after grant: 427,155 shares
Indirect Class B underlying shares (Tar Frog): 140,572 shares
+5 more
8 metrics
Restricted Class B shares granted
50,000 shares
Grant of restricted Class B common stock on August 6, 2026
Direct Class B holdings after grant
427,155 shares
Total directly held Class B common stock following the reported acquisition
Indirect Class B underlying shares (Tar Frog)
140,572 shares
Underlying Class A shares related to Class B held indirectly by Tar Frog Investment Management LLC
Indirect Class B underlying shares (FJS3 ROADventure)
60,000 shares
Underlying Class A shares related to Class B held indirectly by FJS3 ROADventure, LLC
Restricted Class A shares held
13,553 shares
Restricted Class A common stock with time-based vesting through 2029
Indirect Class A holdings (Tar Frog)
9,333 shares
Class A common stock held indirectly by Tar Frog Investment Management LLC
Vesting date for new Class B award
September 30, 2030
Single-tranche vesting date for 50,000 restricted Class B shares
Class B votes per share
10 votes per share
Voting rights for Class B compared to one vote per Class A share
Key Terms
Class B common stock, restricted shares, time-based vesting criteria, 2018 Equity Incentive Plan, +2 more
6 terms
Class B common stock financial
"Each share of Class B common stock, $0.001 par value ("Class B common stock"), of the Issuer"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
time-based vesting criteria financial
"restricted shares of Class B common stock with time-based vesting criteria granted"
2018 Equity Incentive Plan financial
"previously granted to the reporting person 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"
indirect ownership financial
"The reported shares are held by a limited liability company for which the reporting person serves as co-manager"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Construction Partners (ROAD) report for August 6, 2026?
Construction Partners reported that its President and CEO, Fred Julius Smith III, received a grant of 50,000 restricted Class B common shares on August 6, 2026, as an equity award subject to future time-based vesting conditions.
What indirect Class B holdings are reported for the Construction Partners (ROAD) CEO?
The CEO reports indirect holdings of Class B common stock including 140,572 underlying shares held by Tar Frog Investment Management LLC and 60,000 underlying shares held by FJS3 ROADventure, LLC, where he has shared or sole voting and disposition power.
What restricted Class A stock awards does the Construction Partners (ROAD) CEO currently hold?
He holds 13,553 restricted shares of Class A common stock that vest in tranches between 2026 and 2029, subject to continued service, with the CEO retaining sole voting power over these reported Class A restricted shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
