Form 4: Arcosa CEO Antonio Carrillo Reports Phantom Stock Unit Transaction

Arcosa's CEO, Antonio Carrillo, reports the acquisition of phantom stock units under the company's deferred plan for director fees.

Summary

• On September 30, 2024, Antonio Carrillo, the President & CEO of Arcosa, Inc., acquired Arcosa Phantom Stock Units.
• The transaction involved the accrual of phantom stock units under the Arcosa, Inc. Deferred Plan for Director Fees.
• Each phantom stock unit is economically equivalent to one share of Arcosa common stock and will be settled in cash upon termination of services.
• The price of the transaction was $94.76.
• Following the transaction, Carrillo directly owns 4,868 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, indicating a stable and ongoing business operation. The use of phantom stock units suggests a forward-looking approach to aligning management interests with shareholder value.

Positives

• The acquisition of phantom stock units aligns the CEO's interests with the long-term performance of the company.
• The deferred plan for director fees allows for tax-efficient compensation.

Industry Context

Executive compensation through stock and phantom stock units is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Phantom stock plans are a fairly common form of deferred compensation, especially for executives and directors.
• Many companies in the industrial sector, such as Caterpillar and Deere & Company, utilize similar equity-based compensation plans to incentivize their leadership.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning executive compensation with company performance.

Key Dates