Gregory A. Hoffman, SVP and Chief Financial Officer of Construction Partners, Inc. (NASDAQ:ROAD), filed a Form 4 on November 6, 2026, disclosing three transactions in Class A common stock on November 4, 2026, including a restricted share grant, a PSU settlement, and a tax-withholding share surrender.

Key Highlights

  • Restricted share grant: Hoffman was awarded 2,516 shares of Class A common stock with time-based vesting in one-fourth installments on September 30, 2027, 2028, 2029, and 2030, at $0 cost, under the Construction Partners, Inc. 2018 Equity Incentive Plan.
  • PSU settlement: 5,064 shares of Class A common stock were issued to Hoffman in settlement of performance-based restricted stock units that vested on November 4, 2026, following satisfaction of performance criteria for the three fiscal years ended September 30, 2024, 2025, and 2026.
  • Tax withholding surrender: Hoffman surrendered 3,795 shares of Class A common stock to the issuer to satisfy tax withholding obligations, at a price of $99.24 per share, the closing price on November 4, 2026.
  • Resulting direct ownership: Following all three transactions, Hoffman directly beneficially owned 42,676 shares of Class A common stock.
  • Class B derivative position: Hoffman held 70,621 shares of Class B common stock, including 50,000 restricted shares vesting as a single tranche on September 30, 2030, under the Construction Partners, Inc. 2024 Restricted Stock Plan.
  • Class B voting rights: According to the filing, holders of Class B common stock are entitled to 10 votes per share, while Class A common stock holders receive one vote per share.

CFO Hoffman's November 4, 2026 Equity Transactions at Construction Partners

According to the filing, all three transactions were dated November 4, 2026, and involved Class A common stock of Construction Partners, Inc. The first transaction was an award of 2,516 restricted shares at $0, granted under the 2018 Equity Incentive Plan with time-based vesting criteria. The filing states those shares vest in one-fourth installments on September 30, 2027, 2028, 2029, and 2030, subject to Hoffman's continued service with the issuer through each respective date. Under the award's terms, the reporting person holds sole voting power over those shares.

The second transaction involved the issuance of 5,064 shares in settlement of previously granted performance-based restricted stock units. The filing states the PSUs "vested in a single lump sum based on the satisfaction by the Issuer of certain performance criteria for the three-year period comprising the fiscal years ended September 30, 2024, 2025 and 2026." Concurrently, Hoffman surrendered 3,795 shares back to the issuer to satisfy tax withholding obligations arising from that PSU vesting, with the number of shares determined using $99.24 per share, described in the filing as the closing price on the vesting date of November 4, 2026.

In addition to the directly held Class A shares, the filing reports Hoffman held 70,621 Class B common stock shares as a derivative security. The filing notes that each share of Class B common stock is convertible into one share of Class A common stock at the holder's option or upon certain transfers, and that Class B shares carry 10 votes per share compared to one vote per share for Class A. The 70,621 Class B total includes 50,000 restricted shares under the 2024 Restricted Stock Plan vesting in a single tranche on September 30, 2030.

What Was Disclosed

Construction Partners CFO Gregory A. Hoffman reported a restricted stock grant of 2,516 shares, settlement of PSUs into 5,064 shares, and a tax-withholding surrender of 3,795 shares at $99.24 each, all dated November 4, 2026, resulting in direct ownership of 42,676 Class A shares.