Form 4: ArcBest Corp Director Sells Shares in Open Market Transaction

ArcBest Corp director Craig E. Philip sold 3,900 shares of common stock at an average price of $109.91 and gifted 1,100 shares.

Summary

• Director Craig E. Philip of ArcBest Corp sold 3,900 shares of common stock on November 22, 2024.
• The shares were sold at a weighted average price of $109.91 per share, with individual transactions ranging from $109.91 to $109.92.
• Additionally, Mr. Philip gifted 1,100 shares of common stock on the same day.
• Following these transactions, Mr. Philip directly owns 22,150 shares of ArcBest Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine Form 4 filing, indicating a director's stock sale and gift. It doesn't inherently suggest positive or negative sentiment about the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The sale of shares by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.
• Similar filings can be observed across all publicly listed companies in the US.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is a normal part of the market.
• The gift of shares is unlikely to have any impact on stakeholders.

Key Dates

Keywords

ArcBest Corp, Director Share Sale, Form 4, Insider Trading, Craig E. Philip, Stock Transaction