other material
confidence high
sentiment neutral
materiality 0.30
Construction Partners amends LTIP-B award agreements to allow cash settlement of vested PSUs
Construction Partners, Inc.
- Compensation Committee granted sole discretion to settle vested LTIP-B PSUs in cash-equivalent value instead of shares.
- Previously granted unvested LTIP-B awards to named executive officers also amended.
- Performance vesting conditions and TSR modifier unchanged; notional value per PSU remains one share of common stock.