Todd Keith Andrews - Mar 4, 2025 Form 4 Insider Report for Construction Partners, Inc. (ROAD)

Role: Chief Accounting Officer
Signature: /s/ Todd Keith Andrews
Stock symbol: ROAD
Transactions as of: Mar 4, 2025
Transactions value $: $0
Form type: 4
Date filed: 3/6/2025, 04:43 PM
Previous filing: Dec 30, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ROAD	Class A Common Stock	Award	$0	+640	+4.05%	$0.00	16.5K	Mar 4, 2025	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ROAD	Restricted Stock Units	Award	$0	+640	+74.59%	$0.00	1.5K	Mar 4, 2025	Class A Common Stock	640		Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 "Plan"). The shares of Class A common stock subject to the reported award vest in one-fourth installments on September 30, 2025, 2026, 2027 and 2028. Under the terms of the award agreement, the reporting person has sole voting power with respect to the shares.
F2	Includes 11,182 restricted shares of Class A common stock with time-based vesting criteria granted under the Plan that vest as follows: (i) 9,380 shares on September 30, 2025, (ii) 1,196 shares on September 30, 2026, (iii) 446 shares on September 30, 2027, and (iv) 160 shares on September 30, 2028. Under the terms of the respective award agreements, the reporting person has sole voting power with respect to the shares.
F3	Each 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.
F4	The reported transaction represents a grant of cash-settled restricted stock units with time-based vesting criteria ("RSUs") under the Plan. The RSUs subject to the reported award vest in one-fourth installments on September 30, 2025, 2026, 2027 and 2028.
F5	Includes 1,498 RSUs with time-based vesting criteria granted under the Plan that vest as follows: (i) 446 RSUs on September 30, 2025, (ii) 446 RSUs on September 30, 2026, (iii) 446 RSUs on September 30, 2027, and (iv) 160 RSUs on September 30, 2028.