Construction Partners Inc. has adopted an amended award agreement for its performance stock unit awards (LTIP-B awards) under the company's 2018 Equity Incentive Plan. The updated agreement gives the Compensation Committee the discretion to settle vested LTIP-B awards by paying recipients the cash-equivalent value of the underlying Class A common stock, instead of issuing shares. This cash settlement option has also been added to certain previously granted, unvested LTIP-B awards, including those held by named executive officers.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Construction Partners Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-051140), on November 10, 2025, and is solely responsible for the information contained therein.
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