Construction Partners (ROAD) CFO granted 50,000 restricted Class B shares vesting in 2030
Rhea-AI Filing Summary
Hoffman Gregory A reported acquisition or exercise transactions in this Form 4 filing.
Construction Partners, Inc. reported that its SVP and Chief Financial Officer, Gregory A. Hoffman, received a grant of 50,000 restricted shares of Class B common stock on August 6, 2026. These Class B shares, each convertible into one Class A share and carrying 10 votes per share, vest as a single tranche on September 30, 2030, subject to his continued service. After this award, he directly holds 70,621 Class B shares and 40,217 Class A shares, including 7,043 time-vested restricted Class A shares scheduled to vest between 2026 and 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hoffman Gregory A
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F2, F3, F4 | 50,000 | $0.00 | $0.00 |
| holding | Class A Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 70,621 shares (Direct);
Class A Common Stock — 40,217 shares (Direct)
Footnotes (4)
- F1. Includes 7,043 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 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) 3,150 shares on September 30, 2026, (ii) 2,270 shares on September 30, 2027, (iii) 1,145 shares on September 30, 2028, and (iv) 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.
- F2. Each share of Class B common stock, $0.001 par value, of the Issuer ("Class B common stock") 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.
- F3. 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.
- F4. 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.
Key Figures
Restricted Class B shares granted: 50,000 shares
Class B shares held after grant: 70,621 shares
Class A shares held: 40,217 shares
+3 more
6 metrics
Restricted Class B shares granted
50,000 shares
Grant of restricted Class B common stock on August 6, 2026
Class B shares held after grant
70,621 shares
Total direct Class B common stock holdings following the transaction
Class A shares held
40,217 shares
Direct Class A common stock holdings as of August 6, 2026
Restricted Class A shares included
7,043 shares
Time-based restricted Class A shares vesting 2026–2029
Class B vesting date
September 30, 2030
Single-tranche vesting date for the 50,000 restricted Class B shares
Class B votes per share
10 votes per share
Voting rights of Class B versus one vote per Class A share
Key Terms
restricted shares, time-based vesting criteria, 2018 Equity Incentive Plan, 2024 Restricted Stock Plan, +1 more
5 terms
time-based vesting criteria financial
"restricted shares of Class B common stock with time-based vesting criteria"
2018 Equity Incentive Plan financial
"previously granted under the Construction Partners, Inc. 2018 Equity Incentive Plan"
2024 Restricted Stock Plan financial
"under the Construction Partners, Inc. 2024 Restricted Stock Plan"
Class B common stock financial
"Each share of Class B common stock, $0.001 par value, 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did ROAD executive Gregory A. Hoffman receive in this Form 4 filing?
Gregory A. Hoffman received a grant of 50,000 restricted Class B common shares of Construction Partners, Inc. on August 6, 2026. The award is part of the company’s equity compensation and is subject to time-based vesting conditions.
What are the voting rights and conversion features of ROAD’s Class B common stock in this grant?
Each Class B share is convertible into one Class A share and carries 10 votes per share, versus one vote for Class A. Class B converts at the holder’s option or upon most transfers, and the Class B shares do not expire under the stated terms.