Construction Partners amends LTIP-B award terms to allow cash settlement of stock units
Construction Partners approved an amended form of performance stock unit award agreement on November 4, 2025, giving its compensation committee sole discretion to settle LTIP-B awards in cash rather than shares. Certain unvested awards, including those held by named executive officers, were also amended to add this provision.
Key points
- Compensation Committee approved the amended award form on November 4, 2025.
- Committee has sole discretion to pay cash equal to the value of underlying Class A common shares when LTIP-B awards vest.
- Certain unvested awards held by named executive officers were also amended to include the cash settlement provision.
- Full terms are in Exhibit 10.1, the Form of Amended Performance Share Award (LTIP-B) Agreement.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:00 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 10, 2025.
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