Form 4: Construction Partners CEO Fred Julius Smith III Reports Transaction
SEC Form 4 Filing
Fred Julius Smith III, CEO of Construction Partners, Inc., reports a transaction involving Class A Common Stock on May 22, 2024.
Summary
- On May 22, 2024, Fred Julius Smith III, the President and CEO of Construction Partners, Inc., reported a transaction involving the company's stock.
- The transaction involved the disposition of 28,343 shares of Class A Common Stock.
- Following the reported transaction, Smith directly owns 119,382 shares of Class A Common Stock.
- Smith also directly owns 370,284 shares of Class B Common Stock, which are convertible into Class A Common Stock.
- Additionally, Smith indirectly owns 134,582 shares of Class A Common Stock through Tar Frog Investment Management LLC, where he serves as co-manager.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives and directors.
Stakeholder Impact
- The transaction may be of interest to shareholders as it provides insight into the actions of a key executive.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of the reported transaction involving Class A Common Stock. |
| 05/24/2024 | Date of signature on the Form 4 filing. |
| 09/30/2024 | Vesting date for 57,708 restricted shares of Class A common stock. |
| 09/30/2025 | Vesting date for 55,876 restricted shares of Class A common stock. |
| 09/30/2026 | Vesting date for 3,960 restricted shares of Class A common stock. |
| 09/30/2027 | Vesting date for 1,838 restricted shares of Class A common stock. |
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