0001718227-23-000111.txt : 20231215
0001718227-23-000111.hdr.sgml : 20231215
20231215160439
ACCESSION NUMBER: 0001718227-23-000111
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20231213
FILED AS OF DATE: 20231215
DATE AS OF CHANGE: 20231215
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Andrews Todd Keith
CENTRAL INDEX KEY: 0001761266
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38479
FILM NUMBER: 231490263
MAIL ADDRESS:
STREET 1: 290 HEALTHWEST DRIVE
STREET 2: SUITE 2
CITY: DOTHAN
STATE: AL
ZIP: 36303
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Construction Partners, Inc.
CENTRAL INDEX KEY: 0001718227
STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600]
IRS NUMBER: 260758017
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
BUSINESS ADDRESS:
STREET 1: 290 HEALTHWEST DR.
STREET 2: SUITE 2
CITY: DOTHAN
STATE: AL
ZIP: 36303
BUSINESS PHONE: 334.673.9763
MAIL ADDRESS:
STREET 1: 290 HEALTHWEST DR.
STREET 2: SUITE 2
CITY: DOTHAN
STATE: AL
ZIP: 36303
4
1
wk-form4_1702674267.xml
FORM 4
X0508
4
2023-12-13
0
0001718227
Construction Partners, Inc.
ROAD
0001761266
Andrews Todd Keith
290 HEALTHWEST DRIVE, SUITE 2
DOTHAN
AL
36303
0
1
0
0
Chief Accounting Officer
0
Class A Common Stock
2023-12-13
4
A
0
2616
0
A
26943
D
Class A Common Stock
2023-12-13
4
A
0
581
0
A
27524
D
Class A Common Stock
2023-12-13
4
A
0
1144
0
A
28668
D
Class A Common Stock
2023-12-14
4
F
0
768
43.35
D
27900
D
Restricted Stock Units
2023-12-13
4
A
0
1144
0
A
Class A Common Stock
1144
1144
D
On December 29, 2021, the reporting person was granted 3,033 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 2,616 PSUs.
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.
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.
Includes 20,410 restricted shares of Class A common stock with time-based vesting criteria granted under the Plan that vest as follows: (i) 9,868 shares on September 30, 2024, (ii) 9,220 shares on September 30, 2025, (iii) 1,036 shares on September 30, 2026, and (iv) 286 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.
Represents shares of Class A common stock surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the PSUs.
Each restricted stock unit 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 restricted stock units vest in one-fourth installments beginning on the first September 30 following the grant date and on September 30 of each of the next three succeeding years.
/s/ Todd Keith Andrews
2023-12-15