Form 4: Arcosa Director Ronald J. Gafford Reports Acquisition of Phantom Stock Units

Director Ronald J. Gafford reported the acquisition of 31 Arcosa Phantom Stock Units on March 28, 2024, according to a Form 4 filing.

Summary

• On March 28, 2024, Ronald J. Gafford, a director of Arcosa, Inc., acquired 31 Arcosa Phantom Stock Units.
• These units were accrued under the Arcosa, Inc. Deferred Plan for Director Fees.
• Each phantom stock unit is economically equivalent to one share of Arcosa common stock.
• The phantom stock units will be settled in cash upon the termination of Gafford's services with Arcosa.
• Following the transaction, Gafford directly owns 52,786 shares of Arcosa common stock.
• The price of the derivative security is $85.86.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, suggesting a neutral to slightly positive sentiment as it indicates continued alignment of the director's interests with the company's performance.

Future Outlook

The phantom stock units will be settled in cash upon the reporting person's termination of services with Arcosa.

Industry Context

This filing is a routine disclosure of a director's acquisition of phantom stock units, a common form of executive compensation.

Stakeholder Impact

• The acquisition of phantom stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the performance of Arcosa's common stock.

Key Dates