Robert G. Baugnon, Senior Vice President of Personnel and Administration at Construction Partners, Inc., filed a Form 4 on November 6, 2026, reporting 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: Baugnon received 1,876 shares of Class A common stock at $0 per share under the Construction Partners, Inc. 2018 Equity Incentive Plan, vesting in four equal installments on September 30 of 2027, 2028, 2029, and 2030.
  • PSU settlement: 3,712 shares of Class A common stock were issued at $0 to settle performance-based restricted stock units that vested on November 4, 2026, based on performance criteria covering fiscal years ended September 30, 2024, 2025, and 2026.
  • Tax-withholding surrender: Baugnon surrendered 2,782 shares of Class A common stock at $99.24 per share, the closing price on November 4, 2026, to satisfy tax withholding obligations from the PSU vesting.
  • Resulting direct ownership: Following all three transactions, Baugnon directly held 26,633 shares of Class A common stock.
  • Derivative holding: Baugnon also holds 40,000 restricted shares of Class B common stock, vesting in a single tranche on September 30, 2030, under the Construction Partners, Inc. 2024 Restricted Stock Plan.

Baugnon's November 4, 2026 Equity Transactions at Construction Partners

According to the filing, all three transactions occurred on November 4, 2026, and involve Class A common stock of Construction Partners, Inc. (NASDAQ:ROAD). The first transaction was a grant of 1,876 restricted shares with time-based vesting under the 2018 Equity Incentive Plan. Per the filing, those shares vest "in one-fourth installments on September 30, 2027, 2028, 2029 and 2030," subject to Baugnon's continued service with the company through each respective vesting date. Under the award agreement, the reporting person holds sole voting power over the granted shares.

The second transaction involved the issuance of 3,712 shares of Class A common stock in settlement of PSUs previously granted under the same Equity Incentive Plan. 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." The third transaction was the surrender of 2,782 shares back to the issuer to cover tax withholding obligations arising from that PSU vesting, with the share value set at the November 4, 2026 closing price of $99.24 per share.

The filing also discloses that among Baugnon's 26,633 directly held shares, 4,566 are restricted shares with time-based vesting: 1,945 vest on September 30, 2027; 1,326 on September 30, 2028; 826 on September 30, 2029; and 469 on September 30, 2030. Additionally, Baugnon holds 40,000 restricted shares of Class B common stock under the 2024 Restricted Stock Plan, vesting as a single tranche on September 30, 2030. The filing notes each Class B share is convertible into one share of Class A common stock and carries 10 votes per share.

What Was Disclosed

The filing reports three equity transactions on November 4, 2026, for Construction Partners Senior VP Robert G. Baugnon: a restricted share grant of 1,876 shares, a PSU settlement yielding 3,712 shares, and a 2,782-share tax-withholding surrender at $99.24, leaving him with 26,633 Class A shares.