Fred J. Smith, III is the President and CEO of Construction Partners, Inc., a company focused on road construction and paving. He has an MBA and a BA in History from Wake Forest University, showing a unique blend of business...

Fred J. Smith, III is the President and CEO of Construction Partners, Inc., a company focused on road construction and paving. He has an MBA and a BA in History from Wake Forest University, showing a unique blend of business acumen and a liberal arts background. Fred transitioned to CEO in March 2021, having previously served as Chief Operating Officer, where he honed his leadership skills during significant challenges like inflation and supply chain issues. Under his guidance, Construction Partners has pushed for innovative growth strategies, particularly in acquisitions. Interestingly, Fred has strong ties to the construction industry through family connections, such as work with companies owned by his father and brother. He has a hefty compensation package, with 2023 earnings around $2.47 million, mainly from salary and bonuses. In 2022, he received a notable bonus of $250,000 for his leadership, which included navigating tough market conditions. Investments in the company also reflect confidence, with his holdings fluctuating significantly over the years, underscoring his deep connection to the firm and its performance.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Construction Partners CEOs

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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 0 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.

Rivals

Competitors/colleagues of Fred J. Smith, III

Holdings

See how much did Fred J. Smith, III make over time.

Fred J. Smith, III's holdings in Construction Partners, Inc. have seen ups and downs. As of 2023, his wealth through stocks has reached approximately $3.78 million, fueled by his vested stock from performance-based awards. In fiscal 2021, he had a...

Fred J. Smith, III's holdings in Construction Partners, Inc. have seen ups and downs. As of 2023, his wealth through stocks has reached approximately $3.78 million, fueled by his vested stock from performance-based awards. In fiscal 2021, he had a notable value of vested stock around $2.84 million. This fluctuation shows how Fred’s financial health is closely tied to his company's success. His holdings peaked as he received significant stock grants during 2021, reflecting a reward for achieving company performance goals. Over the years, he has actively participated in the company's growth and transformation, which influences his considerable stake in it now, indicating both personal and professional investment in its future.

Mar 18, 2025

R

shares

ROAD @ $72.40

Insider Trading

See recent insider trades of Fred J. Smith, III.

ROAD

21,846 shares

ROAD

Dec 13, 2023

Received

ROAD

8,482 shares

ROAD

Nov 3, 2022

Received

ROAD

7,666 shares

ROAD

Dec 29, 2021

Received

ROAD

107,333 shares

ROAD

Apr 15, 2021

Received

ROAD

$277.20K

ROAD at $27.72/share

Jan 4, 2021

Received

Compensation History

See how much did Fred J. Smith, III make over time.

In 2023, Fred J. Smith, III earned a total compensation of about $2.47 million at Construction Partners, Inc. His base salary stood at $615,000, complemented by a performance bonus of approximately $370,281, which reflects his leadership effectiveness during a challenging fiscal year. Unique to his compensation structure are substantial long-term incentive awards, with 8,482 restricted stock units (RSUs) vesting in 2023, adding significant value of about $258,616. This performance-based model aims to align his interests with the company’s long-term success, reinforcing the idea that strong leadership should be rewarded based on results. Over the past few years, his total compensation has shown a steady rise, especially after his promotion to CEO, showcasing the company's confidence in his ability to drive growth and profitability.

Year

2023

Total Compensation

$1.31M

Salary

$615.00K

Board 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

$370.28K

Board 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

$62.32K

Board Justification

Other compensation includes health insurance premiums, 401(k) matching contributions, and personal use of a company vehicle.

Restricted Stock

$258.62K(8.48K 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.

Other Construction Partners CEOs

Here are other CEOs of Construction Partners

Charles E. Owens

Ex-CEO of Construction Partners

December 2017 - March 2021