Construction Partners CFO receives 2,516-share grant
The awards include time-based vesting through September 30, 2030, while the PSU settlement reflects performance criteria for fiscal 2024 through 2026.
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.
Rhea-AI Filing Summary
Construction Partners, Inc. SVP, Chief Financial Officer Gregory A. Hoffman reported a grant of 2,516 restricted Class A shares under the 2018 Equity Incentive Plan on November 4, 2026. The shares vest in one-fourth installments on September 30 of 2027, 2028, 2029 and 2030, subject to continued service. He also received 5,064 Class A shares when previously granted performance-based restricted stock units vested on November 4, 2026, based on performance criteria for fiscal years ended September 30, 2024, 2025 and 2026.
Hoffman surrendered 3,795 Class A shares to the issuer for tax withholding, using $99.24 per share, the November 4, 2026 closing price. He also reported 70,621 Class B shares, including 50,000 restricted shares vesting in one tranche on September 30, 2030, subject to continued service. Each Class B share is convertible into one Class A share and carries 10 votes, compared with one vote per Class A share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock F1, F2 | 2,516 | $0.00 | $0.00 |
| Grant/Award | Class A Common Stock F3, F2 | 5,064 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F4, F2 | 3,795 | $99.24 | $377K |
| Holding | Class B Common Stock F5, F6 | -- | -- | -- |
Footnotes (6)
- F1. The reported transaction represents a grant of restricted shares of Class A common stock, par value $0.001 ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") with time-based vesting criteria under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Equity Incentive Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2027, 2028, 2029 and 2030, subject to the reporting person's continued service with the Issuer through the respective vesting dates. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.
- F2. Includes 6,409 restricted shares of Class A common stock with time-based vesting criteria granted under the Equity Incentive Plan that vest as follows: (i) 2,899 shares on September 30, 2027, (ii) 1,774 shares on September 30, 2028, (iii) 1,107 shares on September 30, 2029, and (iv) 629 shares on September 30, 2030, in each case, subject to the reporting person's continued service with the Issuer through the respective vesting dates. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.
- F3. The reported transaction represents the issuance of shares of Class A common stock in settlement of performance-based restricted stock units ("PSUs") previously granted to the reporting person under the Equity Incentive Plan that vested on November 4, 2026. The PSUs vested in a single lump sum based on the satisfaction by the Issuer of certain performance criteria for the three-year period comprising the fiscal years ended September 30, 2024, 2025 and 2026.
- F4. The reported transaction represents the surrender by the reporting person of shares of Class A common stock to the Issuer to satisfy tax withholding obligations arising from the issuance of Class A common stock pursuant to the vesting of PSUs previously awarded to the reporting person under the Equity Incentive Plan. Pursuant to the terms of the Equity Incentive Plan and the applicable award agreement, the number of shares surrendered was determined using a value of $99.24 per share, the closing price for a share of Class A common stock on November 4, 2026, the vesting date.
- F5. 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.
- F6. 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.
Key Figures
Key Terms
time-based vesting criteria financial
performance-based restricted stock units financial
tax withholding obligations financial
vote as a single class regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
AI-generated analysis. How Rhea-AI works. Not financial advice.