Form 4: Construction Partners Insider Ned N. Fleming IV Reports Transaction

Ned N. Fleming IV, a member of a 10% owner group of Construction Partners, Inc., reported a transaction involving Class A Common Stock on May 22, 2024.

Summary

• On May 22, 2024, Ned N. Fleming IV reported a transaction involving Construction Partners, Inc. (ROAD) Class A Common Stock.
• The transaction involved the disposition of 1,545 shares of Class A Common Stock.
• Following the reported transaction, Fleming directly owns 33,382 shares of Class A Common Stock.
• Fleming also indirectly owns 241,008 shares through the Ned N. Fleming, IV 2013 Trust and 134,582 shares through Tar Frog Investment Management LLC.
• These shares are held by a limited liability company for which the reporting person serves as co-manager, and, in such capacity, shares the power to vote and direct the disposition of the shares.
• Fleming also owns 1,218 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and provides transparency regarding the ownership of Construction Partners, Inc. shares by a significant shareholder.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects a change in ownership by a significant shareholder.

Key Dates