CompBrief BY VELARION

Companies Construction Partners, Inc.

Construction Partners (ROAD): executive pay, fiscal 2025

Free brief. Every figure links to the company’s own filing.

Velarion Intel: free for 3 days, no card →

Email me Construction Partners, Inc.’s executive pay brief as a PDF

You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

Also free: The Pay Desk, the weekly executive pay briefing.
CEO total pay$6,410,129CEO Fred J. (Jule) Smith, III · source
Say-on-pay support90.89%Latest vote · source
CEO pay ratio130.8:1To the median employee · source

CEO pay, last three years

  • $2,446,392FY2023
  • $3,441,186FY2024
  • $6,410,129FY2025

CEO total pay was $6,410,129 in fiscal 2025, up from $3,441,186 in fiscal 2024.

FY2025: salary $837,308 · bonus $1,769,665 · stock awards $2,870,328 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Construction Partners, Inc. in fiscal 2025?
As disclosed, Fred J. (Jule) Smith, III (President and Chief Executive Officer) was the highest-paid executive at Construction Partners, Inc. in fiscal 2025, with total compensation of $6,410,129.
What is Construction Partners, Inc.'s CEO-to-median employee pay ratio?
As disclosed, Construction Partners, Inc.'s CEO-to-median employee pay ratio was 130.8:1.
How did shareholders vote on Construction Partners, Inc.'s executive compensation?
As disclosed, 90.89% of shareholders supported Construction Partners, Inc.'s executive compensation in the latest say-on-pay vote.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Fred J. (Jule) Smith, III$837,308$1,769,665$2,870,328$0$875,000$0$57,828$6,410,129
President and Chief Executive Officer
Gregory Hoffman486,539850,6952,109,6480375,000034,8733,856,755
Senior Vice President and Chief Financial Officer
N. Nelson Fleming, IV361,539828,5751,974,3600187,500046,4193,398,393
Senior Vice President - Strategy and Business Development
J. Ryan Brooks365,577518,6311,526,1600187,500032,2272,630,095
Senior Vice President and General Counsel
John Harper510,000342,594595,4820386,250063,5291,897,855
Senior Vice President - Strategic Initiatives
M. Brett Armstrong516,250219,865650,0430354,375028,6641,769,197
Regional President - Central Region
Robert Baugnon362,885348,575779,1600187,500063,8901,742,010
Senior Vice President - Personnel and Administration

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Fred J. (Jule) Smith, III$6,410,129$3,441,186$2,446,392↑ +2,968,943
Gregory Hoffman3,856,7551,396,1481,019,564↑ +2,460,607
N. Nelson Fleming, IV3,398,393———
J. Ryan Brooks2,630,095———
John Harper1,897,8551,527,3811,262,159↑ +370,474
M. Brett Armstrong1,769,1971,479,9391,331,193↑ +289,258
Robert Baugnon1,742,010———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Provide competitive compensation... Promote a pay-for-performance culture... Alignment between management and stockholders: In order to align our executives' interests with those of our stockholders, we provide a significant portion of our NEOs' total compensation in the form of equity.

CEO STI target (% of salary)100%
CEO LTI target (% of salary)—
Independent consultantDana Krieg (independent compensation consultant)
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingfalse
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
J. Ryan BrooksPRSU—————$1,526,160
N. Nelson Fleming, IVPRSU—————1,974,360
Gregory HoffmanPRSU—————2,109,648
Robert BaugnonPRSU—————779,160
Fred J. (Jule) Smith, IIIPRSU—————2,870,328
John HarperPRSU—————595,482
M. Brett ArmstrongPRSU—————650,043
Gregory HoffmanRSU2024-10-20——10,000—747,000
Gregory HoffmanRSU2024-10-20——11,000—821,700
Gregory HoffmanRSU2025-03-04——2,668—180,383
Gregory HoffmanPSU2025-03-044,0005,333—8,000360,564
Robert BaugnonRSU2024-10-20——5,000—373,500
Robert BaugnonRSU2025-03-04——2,000—135,220
Robert BaugnonPSU2025-03-043,0004,000—6,000270,440
Fred J. (Jule) Smith, IIIRSU2024-10-20——10,000—747,000
Fred J. (Jule) Smith, IIIRSU2024-10-20——11,000—821,700
Fred J. (Jule) Smith, IIIRSU2025-03-04——5,252—355,088
Fred J. (Jule) Smith, IIIPSU2025-03-0410,50014,000—21,000946,540
John HarperRSU2024-10-20——3,000—224,100
John HarperRSU2025-03-04——2,060—139,277
John HarperPSU2025-03-042,5753,433—5,150232,105
M. Brett ArmstrongRSU2024-10-20——3,000—224,100
M. Brett ArmstrongRSU2025-03-04——2,100—141,981
M. Brett ArmstrongPSU2025-03-043,1504,200—6,300283,962
J. Ryan BrooksRSU2024-10-20——4,000—298,800
J. Ryan BrooksRSU2024-10-20——11,000—821,700
J. Ryan BrooksRSU2025-03-04——2,000—135,220
J. Ryan BrooksPSU2025-03-043,0004,000—6,000270,440
N. Nelson Fleming, IVRSU2024-10-20——10,000—747,000
N. Nelson Fleming, IVRSU2024-10-20——11,000—821,700
N. Nelson Fleming, IVRSU2025-03-04——2,000—135,220
N. Nelson Fleming, IVPSU2025-03-043,0004,000—6,000270,440

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
J. Ryan Brooks$1,255,720$270,440$017.7%
N. Nelson Fleming, IV1,703,920270,440013.7%
Gregory Hoffman1,749,083360,564017.1%
Robert Baugnon508,720270,440034.7%
Fred J. (Jule) Smith, III1,923,788946,540033.0%
John Harper363,377232,105039.0%
M. Brett Armstrong366,081283,962043.7%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
N. Nelson Fleming, IVRSU3,393—$430,911
Robert BaugnonRSU3,411—433,197
J. Ryan BrooksRSU3,592—456,184
M. Brett ArmstrongRSU4,580—581,660
John HarperRSU4,656—591,312
Gregory HoffmanRSU5,131—651,637
N. Nelson Fleming, IVPSU5,742—729,234
Robert BaugnonPSU5,784—734,568
J. Ryan BrooksPSU5,868—745,236
John HarperPSU7,216—916,432
M. Brett ArmstrongPSU7,743—983,361
Gregory HoffmanPSU7,798—990,346
Fred J. (Jule) Smith, IIIRSU9,737—1,236,599
Fred J. (Jule) Smith, IIIPSU21,525—2,733,675
Director compensation

No director compensation table is on file for fiscal year 2025.

Board fee structure and ownership guideline

Annual cash retainer$0
Annual equity retainer—
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guideline—
Peer group, and who names Construction Partners as a peer

Companies that benchmark against ROAD

7 companies name ROAD as a compensation peer

Each company listed discloses ROAD in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named ROAD in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Construction Partners, Inc.2025Fred J. (Jule) Smith, III$837,308$2,870,328$0$875,000$6,410,129

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20252025-03-20110,739,43111,097,48723,40590.89%Passed
20222022-02-22145,691,9111,456,35921,81099.01%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20252025-03-2090.89%a
20222022-02-2299.01%b

a. Voting standard not stated in the filing.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes are counted as present for the purpose of determining the presence of a quorum, but will have no effect on the outcome of the vote on the proposals to be presented at the Annual Meeting.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)130.8 : 1
CEO total compensation$6,410,129
Median employee compensation$49,013
Insider trades since the proxy

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Robert BaugnonSenior VP, Personnel and Admin2026-04-02A55$92$5,075CommonForm 4 ↗
Robert BaugnonSenior VP, Personnel and Admin2026-07-02A53965,086CommonForm 4 ↗
J. Ryan BrooksSVP and General Counsel2026-08-06A40,00000Derivative, Class A CommonForm 4 ↗
N. Nelson Fleming, IVSenior VP - Strategy & Bus Dev2026-08-06A50,00000Derivative, Class A CommonForm 4 ↗
Robert BaugnonSenior VP, Personnel and Admin2026-08-06A40,00000Derivative, Class A CommonForm 4 ↗
Gregory HoffmanSVP, Chief Financial Officer2026-08-06A50,00000Derivative, Class A CommonForm 4 ↗
Fred J. (Jule) Smith, IIIDirector2026-08-06A50,00000Derivative, Class A CommonForm 4 ↗
J. Ryan BrooksSVP and General Counsel2026-08-28D10000CommonForm 4 ↗
Robert BaugnonSenior VP, Personnel and Admin2026-10-02D8959080,577CommonForm 4 ↗
Gregory HoffmanSVP, Chief Financial Officer2026-10-02D1,37590123,791CommonForm 4 ↗
J. Ryan BrooksSVP and General Counsel2026-10-02D7749069,683CommonForm 4 ↗
Fred J. (Jule) Smith, IIIDirector2026-10-02D2,90390261,357CommonForm 4 ↗
N. Nelson Fleming, IVSenior VP - Strategy & Bus Dev2026-10-02D6259056,269CommonForm 4 ↗
N. Nelson Fleming, IVDirector2026-10-08A20,16000Derivative, Class A CommonForm 4 ↗
N. Nelson Fleming, IVDirector2026-10-08D20,16000CommonForm 4 ↗
Gregory HoffmanSVP, Chief Financial Officer2026-10-09A49773,750CommonForm 4 ↗
Robert BaugnonSenior VP, Personnel and Admin2026-10-09A67775,128CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

Sources (62 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Fred J. (Jule) Smith, III. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 6,410,129. View filing ↗
  • Section 01, Gregory Hoffman. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 3,856,755. View filing ↗
  • Section 01, N. Nelson Fleming, IV. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 3,398,393. View filing ↗
  • Section 01, J. Ryan Brooks. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 2,630,095. View filing ↗
  • Section 01, John Harper. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 1,897,855. View filing ↗
  • Section 01, M. Brett Armstrong. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 1,769,197. View filing ↗
  • Section 01, Robert Baugnon. DEF 14A, filed 2026-01-27. Section “Summary Compensation Table” · page 34. As printed: 1,742,010. View filing ↗
  • Section 03, J. Ryan Brooks PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, N. Nelson Fleming, IV PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Hoffman PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Baugnon PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fred J. (Jule) Smith, III PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Harper PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Brett Armstrong PRSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Hoffman RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Hoffman RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Hoffman RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Gregory Hoffman PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Baugnon RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Baugnon RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Robert Baugnon PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fred J. (Jule) Smith, III RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fred J. (Jule) Smith, III RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fred J. (Jule) Smith, III RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Fred J. (Jule) Smith, III PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Harper RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Harper RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, John Harper PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Brett Armstrong RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Brett Armstrong RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Brett Armstrong PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, J. Ryan Brooks RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, J. Ryan Brooks RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, J. Ryan Brooks RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, J. Ryan Brooks PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, N. Nelson Fleming, IV RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, N. Nelson Fleming, IV RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, N. Nelson Fleming, IV RSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, N. Nelson Fleming, IV PSU. DEF 14A, filed 2026-01-27. Section “Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-01-27. Section “CEO Pay Ratio”. As printed: 130.8 : 1. View filing ↗
  • Section 02, Robert Baugnon 2026-04-02. Form 4, filed 2026-04-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Baugnon 2026-07-02. Form 4, filed 2026-07-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, J. Ryan Brooks 2026-08-06. Form 4, filed 2026-08-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, N. Nelson Fleming, IV 2026-08-06. Form 4, filed 2026-08-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Baugnon 2026-08-06. Form 4, filed 2026-08-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory Hoffman 2026-08-06. Form 4, filed 2026-08-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Fred J. (Jule) Smith, III 2026-08-06. Form 4, filed 2026-08-10. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, J. Ryan Brooks 2026-08-28. Form 4, filed 2026-08-31. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Baugnon 2026-10-02. Form 4, filed 2026-10-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory Hoffman 2026-10-02. Form 4, filed 2026-10-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, J. Ryan Brooks 2026-10-02. Form 4, filed 2026-10-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Fred J. (Jule) Smith, III 2026-10-02. Form 4, filed 2026-10-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, N. Nelson Fleming, IV 2026-10-02. Form 4, filed 2026-10-06. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, N. Nelson Fleming, IV 2026-10-08. Form 4, filed 2026-10-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, N. Nelson Fleming, IV 2026-10-08. Form 4, filed 2026-10-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Gregory Hoffman 2026-10-09. Form 4, filed 2026-10-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 02, Robert Baugnon 2026-10-09. Form 4, filed 2026-10-13. Insider equity transaction reported since the proxy statement. View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-03-21. Item 5.07 · say-on-pay result. As reported: 90.89% (votes for as printed: 110,739,431). View filing ↗
  • Section 06, 2022 vote. Form 8-K, filed 2022-02-23. Item 5.07 · say-on-pay result. As reported: 99.01%. View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Construction Partners, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-01-27. CEO total compensation as printed in Construction Partners, Inc.'s own proxy. As printed: 6,410,129. View filing ↗
Get the full report — $500