Construction Partners EVP buys 53 ROAD shares via plan

Construction Partners, Inc. Senior VP of Personnel and Administration Robert G. Baugnon acquired additional Class A common stock through an employee purchase program.

Rhea-AI Filing Summary

Construction Partners, Inc. Senior VP of Personnel and Administration Robert G. Baugnon acquired additional Class A common stock through an employee purchase program. On July 2, 2026, he purchased 53 shares at $95.97 per share under the Construction Partners, Inc. Employee Stock Purchase Plan.

After this transaction, Baugnon directly holds 24,655 Class A shares. This total includes 4,839 restricted shares with time-based vesting under the 2018 Equity Incentive Plan, scheduled to vest in tranches from September 30, 2026 through September 30, 2029.

Insider Trade Summary

Grant/Award: 53 shares

Grant/Award 1 txn

Insider Baugnon Robert G

Role Senior VP, Personnel and Admin

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	53	$95.97	$5K

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

Footnotes (2)

1. 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.
2. F2. Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (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.

Key Figures

Shares acquired: 53 shares Purchase price: $95.97 per share Total holdings after: 24,655 shares +5 more

8 metrics

Shares acquired 53 shares Class A Common Stock purchased on July 2, 2026

Purchase price $95.97 per share Price paid under Employee Stock Purchase Plan

Total holdings after 24,655 shares Class A Common Stock directly owned after transaction

Restricted shares 4,839 shares Time-based vesting under 2018 Equity Incentive Plan

Vesting 2026 2,149 shares Restricted shares vesting on September 30, 2026

Vesting 2027 1,476 shares Restricted shares vesting on September 30, 2027

Vesting 2028 857 shares Restricted shares vesting on September 30, 2028

Vesting 2029 357 shares Restricted shares vesting on September 30, 2029

Key Terms

Employee Stock Purchase Plan, restricted shares, time-based vesting, 2018 Equity Incentive Plan, +1 more

5 terms

Employee Stock Purchase Plan financial

"purchase of shares ... pursuant to the Construction Partners, Inc. Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

restricted shares financial

"Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria"

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 financial

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

Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.

2018 Equity Incentive Plan financial

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

sole voting power financial

"the reporting person has sole voting power with respect to the reported shares"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Construction Partners (ROAD) executive Robert G. Baugnon do in this Form 4?

Robert G. Baugnon acquired more Class A common stock. He purchased 53 shares at $95.97 per share on July 2, 2026 through the Construction Partners, Inc. Employee Stock Purchase Plan, increasing his directly held position in the company.

How many Construction Partners (ROAD) shares does Robert G. Baugnon own after this transaction?

After the transaction, Robert G. Baugnon directly holds 24,655 shares of Class A common stock. This total includes both unrestricted shares and 4,839 restricted shares that vest over several years under the company’s 2018 Equity Incentive Plan.

Was the ROAD Form 4 transaction an open-market trade or part of a plan?

The transaction was made under a company plan, not a discretionary market trade. The footnote states the 53 shares were purchased pursuant to the Construction Partners, Inc. Employee Stock Purchase Plan, indicating participation in an established employee stock program.

What restricted stock awards does Robert G. Baugnon hold in Construction Partners (ROAD)?

Baugnon holds 4,839 restricted Class A shares with time-based vesting. These were granted under the 2018 Equity Incentive Plan and vest in tranches between September 30, 2026 and September 30, 2029, subject to the plan’s vesting conditions.

How are Robert G. Baugnon’s restricted ROAD shares scheduled to vest?

His 4,839 restricted shares vest in four tranches on specific dates: 2,149 shares on September 30, 2026, 1,476 shares on September 30, 2027, 857 shares on September 30, 2028, and 357 shares on September 30, 2029, assuming conditions are met.

Does Robert G. Baugnon have voting power over his restricted Construction Partners shares?

Yes. The filing notes that under the award agreements, he has sole voting power over the 4,839 restricted Class A shares. Although they are subject to time-based vesting, he can vote these shares while they remain unvested.

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

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Accepted by SEC EDGAR 07/06/2026 - 04:49 PM Learn about SEC filing dates

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)
07/02/2026

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	07/02/2026		A(1)		53	A	$95.97	24,655(2)	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

Explanation of Responses:

1. 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.

2. Includes 4,839 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan that vest as follows: (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.

Remarks:

	/s/ Robert G. Baugnon	07/06/2026
	** 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)