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

Arcosa Inc.'s CEO, Antonio Carrillo, reported the acquisition of phantom stock units under the company's Deferred Plan for Director Fees.

Summary

• On March 28, 2024, Antonio Carrillo, the President & CEO of Arcosa, Inc., acquired Arcosa Phantom Stock Units.
• The transaction involved the accrual of 3 phantom stock units at a price of $85.86 each.
• Following the reported transaction, Carrillo directly owns 4,863 Arcosa Phantom Stock Units.
• These phantom stock units were accrued under the Arcosa, Inc. Deferred Plan for Director Fees and are the economic equivalent of common stock shares.
• The phantom stock units will be settled in cash upon Carrillo's termination of services with Arcosa.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation transaction, which is generally viewed neutrally. The acquisition of phantom stock units can be seen as a positive sign of alignment between management and shareholders.

Positives

• The acquisition of phantom stock units by the CEO aligns his interests with those of the shareholders.
• The Deferred Plan for Director Fees incentivizes long-term commitment from the CEO.

Future Outlook

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

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

• Many companies in the industrial sector, such as Caterpillar and Deere & Company, utilize similar deferred compensation plans for their executives.
• These plans often include stock options, restricted stock units, or phantom stock units that vest over time and are settled in cash or stock upon retirement or termination of employment.
• The specific terms and conditions of these plans vary depending on the company's size, performance, and compensation philosophy.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the CEO's interests with the company's performance.

Key Dates