Form 4: ArcBest Corp Executive Dennis L. Anderson II Reports Stock Disposals
SEC Form 4
Dennis L. Anderson II, Chief Strategy Officer of ArcBest Corp, reported disposing of shares to cover tax obligations.
Summary
- On May 11, 2024, Dennis L. Anderson II disposed of 1,356 shares of ArcBest Corp common stock at a price of $117.4 per share to cover tax obligations.
- Following this transaction, Anderson directly owns 28,351 shares.
- On May 12, 2024, Anderson disposed of 5,906 shares of ArcBest Corp common stock at a price of $117.4 per share to cover tax obligations.
- Following this transaction, Anderson directly owns 22,445 shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or outlook.
Industry Context
Executive stock transactions are a common occurrence and are often related to compensation, tax planning, or portfolio diversification. The filing provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/11/2024 | Dennis L. Anderson II disposed of 1,356 shares of ArcBest Corp common stock. |
| 05/12/2024 | Dennis L. Anderson II disposed of 5,906 shares of ArcBest Corp common stock. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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