Construction Partners grants 40,000 Class B shares to SVP
Brooks Judson Ryan reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Brooks Judson Ryan reported acquisition or exercise transactions in this Form 4 filing.
Construction Partners, Inc. reported that SVP and General Counsel Brooks Judson Ryan received a grant of 40,000 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, and are convertible into an equal number of Class A shares; each Class B share carries 10 votes versus one vote for Class A. Following this grant, Ryan directly holds 52,458 Class B shares and 25,575 Class A shares, including 3,632 time-vested restricted Class A shares, plus 1,388 cash-settled RSUs tied to Class A.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class B Common Stock F2, F3, F4 | 40,000 | $0.00 | $0.00 |
| holding | Restricted Stock Units F5, F6 | -- | -- | -- |
| holding | Class A Common Stock F1 | -- | -- | -- |
Footnotes (6)
- F1. Includes 3,632 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) 1,742 shares on September 30, 2026, (ii) 926 shares on September 30, 2027, (iii) 607 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.
- F2. Each share of Class B common stock, par value $0.001 per share, 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 40,000 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.
- F5. 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.
- F6. Includes 1,388 cash-settled RSUs with time-based vesting criteria previously granted 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) 569 RSUs on September 30, 2026, (ii) 569 RSUs on September 30, 2027, and (iii) 250 RSUs on September 30, 2028.
Key Figures
Key Terms
Class B common stock financial
Restricted Stock Units financial
time-based vesting criteria financial
cash-settled RSUs financial
Equity Incentive Plan financial
FAQ
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What insider equity grant did Construction Partners (ROAD) report for Brooks Judson Ryan?
What are Brooks Judson Ryan’s total Class B and Class A holdings at Construction Partners (ROAD)?
What restricted stock and RSU vesting schedules affect Brooks Judson Ryan at Construction Partners (ROAD)?
How are Brooks Judson Ryan’s RSUs at Construction Partners (ROAD) settled?
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