Form 4: ArcBest Corp Executive Dennis L. Anderson II Reports Stock Disposal

Chief Strategy Officer of ArcBest Corp, Dennis L. Anderson II, reports disposing of 452 shares of common stock on May 5, 2024, to cover tax obligations.

Summary

• On May 7, 2024, Dennis L. Anderson II, Chief Strategy Officer of ArcBest Corp, filed a Form 4 with the SEC.
• The report details a transaction on May 5, 2024, where 452 shares of ArcBest Corp common stock were disposed of at a price of $114.85 per share.
• This disposal was likely to cover tax obligations related to vesting of restricted stock or similar compensation.
• Following the transaction, Anderson directly owns 28,678 shares of ArcBest Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment, as it's a routine disclosure.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Investors monitor these filings to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on stakeholders, as it involves a relatively small number of shares.

Key Dates