Form 4: Arcosa Director John W. Lindsay Acquires Phantom Stock Units

Arcosa, Inc. Director John W. Lindsay acquired 5 phantom stock units on June 30, 2025, as part of the company's Deferred Plan for Director Fees.

Summary

• John W. Lindsay, a Director of Arcosa, Inc. (ACA), acquired 5 Arcosa Phantom Stock Units.
• The transaction occurred on June 30, 2025.
• These units were accrued under the Arcosa, Inc. Deferred Plan for Director Fees.
• Each phantom stock unit is the economic equivalent of one share of Arcosa common stock.
• The phantom stock units will settle in cash upon Mr. Lindsay's termination of services with Arcosa.
• Following this transaction, Mr. Lindsay beneficially owns a total of 7,389 phantom stock units.
• The price of the derivative security (phantom stock unit) at the time of acquisition was $86.71.

Sentiment

Score: 7

Explanation: The filing indicates a routine, positive alignment of director interests with shareholders through a compensation plan. No negative or surprising elements are present.

Positives

• Director John W. Lindsay increased his beneficial ownership of phantom stock units, which aligns his interests with those of shareholders.
• The acquisition is part of a deferred compensation plan, indicating a structured and routine approach to director remuneration.

Risks

• The ultimate cash settlement value of the phantom stock units is dependent on Arcosa's common stock price at the time of Mr. Lindsay's termination of services, exposing the value to market fluctuations.

Future Outlook

The phantom stock units are designed to settle in cash upon the reporting person's termination of services with Arcosa, indicating a future cash payout tied to the company's stock performance at that time.

Industry Context

This Form 4 filing represents a routine insider transaction related to director compensation, a common practice across publicly traded companies. Such filings provide transparency into how executives and directors are compensated and how their interests are aligned with shareholders.

Comparison to Industry Standards

• Director compensation often includes equity-linked instruments like phantom stock units or restricted stock units to align long-term interests with shareholder value, which is consistent with this filing.
• The specific value of $86.71 per unit reflects Arcosa's stock price at the time of accrual, which is typical for such deferred compensation plans.

Stakeholder Impact

• Shareholders: The acquisition of phantom stock units by a director aligns management's long-term interests with shareholder value, as the units' value is tied to the common stock price.

Next Steps

• The phantom stock units will settle in cash upon John W. Lindsay's termination of services with Arcosa.

Key Dates

Recommendation

Keywords

Arcosa, ACA, Form 4, Insider Transaction, Phantom Stock Units, Director Compensation, Deferred Compensation, Beneficial Ownership, John W. Lindsay