Form 4: Arcosa Director John W. Lindsay Acquires Phantom Stock Units
SEC Form 4 Filing
Director John W. Lindsay acquired 4 Arcosa Phantom Stock Units on December 31, 2024, under the company's Deferred Plan for Director Fees.
Summary
- John W. Lindsay, a director at Arcosa, Inc., acquired 4 phantom stock units on December 31, 2024.
- These units were accrued under the Arcosa, Inc. Deferred Plan for Director Fees.
- Each phantom stock unit is equivalent to one share of common stock.
- The phantom stock units will be settled in cash upon the director's termination of services with Arcosa.
- Following the transaction, Mr. Lindsay directly owns 7,380 shares of Arcosa common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. It indicates alignment of interests between the director and the company.
Future Outlook
The phantom stock units will be settled in cash upon the director's termination of services with Arcosa.
Industry Context
This is a routine filing related to director compensation and is common practice for publicly traded companies.
Comparison to Industry Standards
- The use of phantom stock units as part of director compensation is a common practice among publicly traded companies.
- Many companies use deferred compensation plans to align director interests with long-term shareholder value.
- Similar filings can be seen from directors of companies such as Trinity Industries, Inc. and Vulcan Materials Company, which also operate in the infrastructure and construction materials space.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns director interests with the long-term performance of the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the transaction where John W. Lindsay acquired 4 Arcosa Phantom Stock Units. |
| 01/02/2025 | Date the Form 4 was signed. |
Keywords
Arcosa, Phantom Stock Units, Director Fees, Deferred Plan, Insider Transaction, Form 4, John W. Lindsay
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