Form 4: ArcBest Corp Executive Michael R. Johns Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
ArcBest Corp's Chief Legal Officer and Corporate Secretary, Michael R. Johns, reported disposing of shares to cover tax obligations arising from vesting of stock.
Summary
- On May 11, 2024, Michael R. Johns, Chief Legal Officer and Corporate Secretary of ArcBest Corp, disposed of 1,118 shares of common stock at a price of $117.4.
- Following this transaction, Johns directly owns 23,927 shares.
- On May 12, 2024, Johns disposed of an additional 4,802 shares at the same price of $117.4.
- After this second transaction, Johns directly owns 19,125 shares.
- The disposals were made to cover tax obligations.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, a routine activity.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The stock disposal could 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 | Disposal of 1,118 shares of ArcBest Corp common stock. |
| 05/12/2024 | Disposal of 4,802 shares of ArcBest Corp common stock. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.