| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ROAD | Class A Common Stock | Award | $0 | +3.45K | +8.67% | $0.00 | 43.2K | 13 Dec 2023 | Direct | F1 |
| transaction | ROAD | Class A Common Stock | Award | $0 | +767 | +1.77% | $0.00 | 44K | 13 Dec 2023 | Direct | F2 |
| transaction | ROAD | Class A Common Stock | Award | $0 | +4.5K | +10.23% | $0.00 | 48.5K | 13 Dec 2023 | Direct | F3, F4 |
| transaction | ROAD | Class A Common Stock | Tax liability | -$44K | -1.02K | -2.1% | $43.35 | 47.5K | 14 Dec 2023 | Direct | F4, F5 |
| Id | Content |
|---|---|
| F1 | On December 29, 2021, the reporting person was granted 4,000 performance-based restricted stock units ("PSUs") pursuant to the Construction Partners, Inc. 2018 Equity Incentive Plan (the "Plan"). The PSUs vested in a single lump-sum based on the satisfaction by Construction Partners, Inc. (the "Issuer") of certain performance criteria for the three-year period comprising the 2021, 2022 and 2023 fiscal years. The performance criteria for were partially met, resulting in the vesting of 3,450 PSUs. |
| F2 | The reported transaction represents a grant of immediately vested shares of Class A common stock, $0.001 par value ("Class A common stock"), of the Issuer under the Plan. |
| F3 | The reported transaction represents a grant of restricted shares of Class A common stock of the Issuer with time-based vesting criteria under the Plan. The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2024, 2025, 2026 and 2027. Under the terms of the award agreement, the reporting person has sole voting power with respect to the reported shares. |
| F4 | Includes 39,464 restricted shares of Class A common stock with time-based vesting criteria granted under the Plan that vest as follows: (i) 18,541 shares on September 30, 2024, (ii) 17,793 shares on September 30, 2025, (iii) 2,005 shares on September 30, 2026, and (iv) 1,125 shares on September 30, 2027. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the reported shares. |
| F5 | Represents shares of Class A common stock surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the PSUs. |