Julie Piggott
ArcosaAbout Julie A. Piggott
Independent director of Arcosa, Inc. since 2021; age 64. She brings CFO-level financial leadership from BNSF Railway and is designated an Audit Committee Financial Expert. Education: B.S. in Accounting (Minnesota State University Moorhead), M.B.A. (SMU Cox), Advanced Management Program (Harvard Business School); inactive CPA (Minnesota). Committees: Audit; Governance & Sustainability; independence affirmed by the Board under NYSE/SEC standards .
Past Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| BNSF Railway Company | Executive Vice President & Chief Financial Officer | 2014–2021 | Leading North American freight transportation company |
| BNSF Railway Company | VP, Planning & Studies and Controller | 2009–2014 | |
| BNSF Railway Company | VP, Finance and Treasurer | 2008–2009 | |
| BNSF Railway Company | VP, Finance | 2006–2008 | |
| Private investment management company | Finance, accounting, and tax roles | Prior to BNSF | |
| Ernst & Young LLP (formerly Ernst & Whinney) | Finance/accounting/tax roles | Prior to BNSF |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Olin Corporation (public) | Director | 2023–present | Not disclosed in ACA proxy |
| Lena Pope (non-profit) | Board Member | Not disclosed | |
| Advisory Board, College of Business, Analytics & Communications, MSU Moorhead | Advisory Board Member | Not disclosed |
Board Governance
| Committee | Role | 2024 Meetings | Independence/Expertise |
|---|---|---|---|
| Audit | Member | 6 | Committee fully independent; all members (incl. Piggott) are Audit Committee Financial Experts |
| Governance & Sustainability | Member | 3 | Committee fully independent |
- Independence: Board affirmatively determined Julie A. Piggott is independent under NYSE/SEC standards .
- Attendance: Arcosa held 5 Board and 14 committee meetings in 2024; all directors attended at least 75% of their meetings, and each director attended the 2024 Annual Meeting .
- Board leadership: Independent, non-executive Chairman (Rhys J. Best); regular executive sessions of independent directors .
- Committee structure: All Board committees are 100% independent .
- Related party oversight: G&S Committee reviews/approves related person transactions; none required disclosure in 2024 .
- Compensation Committee interlocks: None .
- Hedging/pledging policy: Policies prohibit short sales, hedging, margin accounts, and pledging of Arcosa stock .
Fixed Compensation (Non-Employee Director, 2024)
| Component | 2024 Amount (USD) | Notes |
|---|---|---|
| Fees Earned or Paid in Cash | $110,000 | Includes amounts deferred under the Director Deferred Plan |
| All Other Compensation | $5,000 | Company matching gifts program contribution (max match $5,000) |
Director compensation program components (context):
| Component | Amount (USD) | Notes |
|---|---|---|
| Non-Executive Chair Retainer | $120,000 | May be paid in cash or deferred RSUs at Chair’s election |
| Audit Committee Chair Retainer | $20,000 | Annual chair fee |
| Human Resources Committee Chair Retainer | $20,000 | Annual chair fee |
| Governance & Sustainability Committee Chair Retainer | $15,000 | Annual chair fee |
| Additional Meeting Fee | $2,000 | Per meeting beginning with the second non-regularly scheduled meeting |
| Ad hoc assignments (per diem) | $2,000 | For special assignment work at CEO request |
Performance Compensation (Director Equity)
| Grant Date | Award Type | Grant Date Fair Value (USD) | Vesting |
|---|---|---|---|
| May 8, 2024 | Restricted shares/RSUs | $130,041 | One-year cliff; vests May 8, 2025; ASC 718 valuation |
- Program structure: Annual director equity granted after the Annual Meeting; one-year cliff vesting; number of shares based on closing price on grant date; directors may elect deferred RSUs that vest in one year but settle upon qualifying separation .
- Performance metrics: Not applicable—director equity is time-based; no performance conditions disclosed .
Outstanding director restricted stock/RSUs (as of Dec 31, 2024):
| Director | Restricted Stock/RSUs Outstanding |
|---|---|
| Julie A. Piggott | 5,761 |
Other Directorships & Interlocks
| Company | Role | Interlock Notes |
|---|---|---|
| Olin Corporation | Director (2023–present) | No Arcosa compensation committee interlocks disclosed |
Expertise & Qualifications
- Financial expertise: Designated Audit Committee Financial Expert; extensive CFO experience at BNSF .
- Industry/functional experience: Supply chain/transportation products and financial leadership relevant to Arcosa’s transportation products businesses .
- Credentials: B.S. Accounting; M.B.A.; Harvard AMP; inactive CPA (Minnesota) .
Equity Ownership
| Metric | Value | As of/Policy |
|---|---|---|
| Beneficially owned shares | 6,745 | March 21, 2025 |
| Percent of class | <1% (asterisk) | March 21, 2025 |
| Right to acquire (within 60 days) via RSUs/options | 5,761 | March 21, 2025 |
| Shares pledged as collateral | 0 | As of March 21, 2025 |
| Director stock ownership guideline | 5x annual Board cash retainer | Policy; all directors have met or are on track |
| Hedging/pledging policy | Prohibits short sales, hedging, margin accounts, and pledging | Governance highlight |
Governance Assessment
- Positive signals: Independent director with CFO pedigree and Audit Committee Financial Expert status; serves on Audit and G&S committees that are fully independent; no related-person transactions in 2024; no compensation committee interlocks; policies prohibit hedging/pledging; directors meet/are on track for 5x retainer ownership; attendance threshold met and Annual Meeting attended; 2024 Say‑on‑Pay support at 99% indicates strong shareholder alignment .
- Potential red flags: None disclosed—no RPTs, no pledging, and attendance criterion satisfied in 2024 .
Overall, Julie A. Piggott’s financial expertise, independence, committee service, and ownership alignment support Board effectiveness and investor confidence, with no conflicts or attendance concerns disclosed for 2024 .