Form 4: ArcBest Corp CEO Judy McReynolds Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Judy McReynolds, Chairman, President, and CEO of ArcBest Corp, reported disposing of 2,071 shares of common stock to cover tax obligations.
Summary
- On May 5, 2024, Judy R. McReynolds, Chairman, President, and CEO of ArcBest Corp, disposed of 2,071 shares of common stock at a price of $114.85 per share to cover tax obligations.
- Following the transaction, Ms. McReynolds directly owns 76,296 shares of ArcBest Corp common stock.
- She also indirectly owns 42,977.14 shares through the McReynolds 2005 Joint Trust, for which she serves as co-trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider transaction. It doesn't inherently convey positive or negative sentiment, as it's a factual disclosure.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and legal as long as they comply with SEC regulations. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it's a relatively small number of shares being disposed of by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | Date of stock disposal transaction |
| 05/07/2024 | Date of Form 4 filing |
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