Construction Partners SVP now holds 22,233 shares after grants

Rhea-AI Filing Summary

Construction Partners (ROAD) reported a Form 4 for its Senior VP, Personnel and Admin. On 10/17/2025, the officer received 2,463 immediately vested Class A shares at $0 under the 2018 Equity Incentive Plan. On 10/20/2025, the officer surrendered 1,025 shares at $115.01 to cover tax withholding upon vesting.

After these transactions, the officer beneficially owns 22,233 Class A shares. This includes 3,411 restricted shares scheduled to vest: 1,792 on September 30, 2026; 1,119 on September 30, 2027; and 500 on September 30, 2028.

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

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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 AL 36303

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/17/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	10/17/2025		A		2,463(1)	A	$0	23,258(2)	D
Class A Common Stock	10/20/2025		F		1,025(3)	D	$115.01	22,233(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 a grant of immediately vested shares of Class A common stock, $0.001 par value ("Class A common stock"), of Construction Partners, Inc. (the "Issuer") under the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Incentive Plan").

2. Includes 3,411 restricted shares of Class A common stock with time-based vesting criteria previously granted under the Incentive Plan that vest as follows: (i) 1,792 shares on September 30, 2026, (ii) 1,119 shares on September 30, 2027, and (iii) 500 shares on September 30, 2028. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares.

3. 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 upon the vesting of restricted shares of Class A common stock awarded to the reporting person under the Incentive Plan. Pursuant to the terms of the Incentive Plan and the applicable award agreements, the number of shares surrendered was determined using a value of $115.01 per share, the closing price for a share of Class A common stock on October 17, 2025, the vesting date.

Remarks:

	/s/ Robert G. Baugnon	10/21/2025
	** 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.

FAQ

What did ROAD disclose in this Form 4?

An officer received 2,463 immediately vested shares and surrendered 1,025 shares at $115.01 for tax withholding related to vesting.

How many shares does the officer now own (ROAD)?

Following the reported transactions, beneficial ownership is 22,233 Class A shares.

Why were 1,025 ROAD shares surrendered?

They were surrendered to the issuer to satisfy tax withholding obligations upon vesting, valued at $115.01 per share (closing price on 10/17/2025).

What awards were granted in this filing for ROAD?

A grant of 2,463 immediately vested Class A shares under the 2018 Equity Incentive Plan.

What is the vesting schedule of ROAD restricted shares?

Restricted shares totaling 3,411 vest as follows: 1,792 on 9/30/2026; 1,119 on 9/30/2027; 500 on 9/30/2028.

Who is the reporting person’s role at ROAD?

The reporting person is an Officer, serving as Senior VP, Personnel and Admin.