In 2023, Fred J. Smith, III earned $1.31M in total compensation at Construction Partners, including $615.00K salary, $370.28K bonus and $258.62K in stock. Most recently acquired 21,846 shares in Dec 2023. Currently holds stock worth $4.58M. 4+ years at the helm of Construction Partners.
Compensation History
Annual executive compensation data for Fred J. Smith, III, including salary, bonuses, and stock awards.
Year
2023
Total Compensation
$1.31M
Salary
$615.00K
Bonus
$370.28K
Other
$62.32K
Salary
$615.00KBoard Justification
The compensation philosophy is designed to attract, retain, and motivate executives critical to achieving the company’s strategic objectives and building stockholder value, with a significant portion of compensation tied to performance metrics.
Bonus
$370.28KBoard Justification
The bonus for fiscal 2023 includes $220,000 paid during the fiscal year and an additional $35,000 paid subsequent to fiscal year-end for performance recognition.
Other Compensation
$62.32KBoard Justification
Other compensation includes health insurance premiums, 401(k) matching contributions, and personal use of a company vehicle.
Restricted Stock
Board Justification
The LTIP-A awards granted in fiscal 2023 vest ratably over four years, with 8,482 shares vesting in 2023.
Performance Metrics
Compensation is based on achieving specific financial objectives, including Adjusted EBITDA and individual performance goals.
Fred J. Smith, III
CEO of Construction Partners
Education
Master of Business Administration and Bachelor of Arts in History from Wake Forest University
Field of Expertise
Business & Management
Sector of Economy
Industrials
Born
January 1, 1970 - 55 years ago
CEO of Construction Partners for
4 years 8 months (Mar 2021 - Present)
Previous Experience
Chief Operating Officer, Senior Vice President, various management roles for the Company’s North Carolina subsidiary, and various positions within Fred Smith Construction, Inc.
Other Construction Partners CEOs
Holdings
Track Fred J. Smith, III's stock holdings and portfolio value over time.
Insider Trading
Fred J. Smith, III's recent stock transactions, purchases, and sales filed with the SEC.
21,846 shares
ROAD
Dec 13, 2023
Received
8,482 shares
ROAD
Nov 3, 2022
Received
7,666 shares
ROAD
Dec 29, 2021
Received
107,333 shares
ROAD
Apr 15, 2021
Received
$277.20K
ROAD at $27.72/share
Jan 4, 2021
Received
Rivals
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