Construction Partners VP surrenders 625 shares
Class B shares carry 10 votes each and convert one-for-one into Class A shares.
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Form Type
4
Rhea-AI Filing Summary
Construction Partners, Inc. (ROAD) Senior VP - Strategy & Bus Dev Ned N. Fleming IV surrendered 625 Class A common shares to the issuer on October 2, 2026, to satisfy tax withholding obligations upon vesting of previously awarded restricted shares. The share count used $90.03 per share, the closing price on September 30, 2026. He reported 43,339 directly held Class A shares following the transaction.
Insider Trade Summary
Tax Withholding: 625 shares
Tax Withholding
6 txns
Insider
Fleming Ned N. IV
Role
Senior VP - Strategy & Bus Dev
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock F1, F2 | 625 | $90.03 | $56K |
| holding | Class B Common Stock F4, F5 | -- | -- | -- |
| holding | Class B Common Stock F4, F6 | -- | -- | -- |
| holding | Class B Common Stock F4, F3 | -- | -- | -- |
| holding | Restricted Stock Units F7, F8 | -- | -- | -- |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 43,339 shares (Direct);
Class B Common Stock — 150,869 contracts (Direct);
Class B Common Stock — 241,008 contracts (Indirect, By the Ned N. Fleming, IV 2013 Trust);
Class B Common Stock — 140,572 contracts (Indirect, By Tar Frog Investment Management LLC);
Restricted Stock Units — 806 contracts (Direct);
Class A Common Stock — 9,333 shares (Indirect, By Tar Frog Investment Management LLC)
Footnotes (8)
- F1. The reported transaction represents the surrender by the reporting person of shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") 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 agreement, the number of shares surrendered was determined using a value of $90.03 per share, the closing price for a share of Class A common stock on September 30, 2026, the vesting date.
- F2. Includes 1,877 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 913 shares on September 30, 2027, (ii) 607 shares on September 30, 2028, and (iii) 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. The reported shares are owned directly by the Ned N. Fleming, IV 2013 Trust (the "Trust") and indirectly by Ned N. Fleming, IV as trustee of the Trust. Each of the Trust and Ned N. Fleming, IV are members of a 10% owner group of the Issuer.
- F7. Each restricted stock unit ("RSU") represents a contingent right to receive cash in an amount equal to the value of one share of Class A common stock on the applicable vesting date. The RSUs do not expire.
- F8. Includes 806 cash-settled RSUs with time-based vesting criteria previously granted to the reporting person under 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) 556 RSUs on September 30, 2027, and (ii) 250 RSUs on September 30, 2028.
Key Figures
Class A shares surrendered for tax withholding: 625 shares
Value used per share for tax withholding: $90.03 per share
Directly held Class A shares following transaction: 43,339 shares
+5 more
8 metrics
Class A shares surrendered for tax withholding
625 shares
October 2, 2026
Value used per share for tax withholding
$90.03 per share
Closing price on September 30, 2026
Directly held Class A shares following transaction
43,339 shares
October 2, 2026
Directly held Class B common shares
150,869 shares
October 2, 2026
Class B common shares owned by the Ned N. Fleming, IV 2013 Trust
241,008 shares
October 2, 2026; Fleming is trustee
Class B common shares held by Tar Frog Investment Management LLC
140,572 shares
October 2, 2026
Directly held cash-settled RSUs
806 RSUs
October 2, 2026
Class A common shares held by Tar Frog Investment Management LLC
9,333 shares
October 2, 2026
Key Terms
tax withholding obligations, Class B common stock, cash-settled RSUs, time-based vesting criteria, +1 more
5 terms
tax withholding obligations financial
"to satisfy tax withholding obligations upon the vesting"
Class B common stock financial
"Each share of Class B common stock is convertible into one share"
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.
cash-settled RSUs financial
"Includes 806 cash-settled RSUs with time-based vesting criteria"
time-based vesting criteria financial
"806 cash-settled RSUs with time-based vesting criteria"
10% owner group regulatory
"Each of the Trust and Ned N. Fleming, IV are members of a 10% owner group"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do Ned N. Fleming IV's ROAD restricted stock units vest?
He reports 806 cash-settled RSUs: 556 vest on September 30, 2027, and 250 vest on September 30, 2028, each subject to his continued service through the applicable vesting date. Each RSU represents a contingent right to receive cash equal to the value of one Class A share on its vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
