Form 4: ArcBest Corp Executive Newcity Reports Stock Disposal
SEC Form 4 Filing
Michael E. Newcity, SVP Chief Innovation Officer of ArcBest Corp, disposed of 452 shares of common stock on May 5, 2024, to cover tax obligations.
Summary
- On May 5, 2024, Michael E. Newcity, the SVP Chief Innovation Officer of ArcBest Corp, disposed of 452 shares of common stock.
- The transaction was executed at a price of $114.85 per share.
- Following the transaction, Newcity directly owns 21,315 shares of ArcBest Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a stock disposal by an executive, which is a routine occurrence. It doesn't inherently indicate positive or negative prospects for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors for signals about a company's prospects.
Stakeholder Impact
- The disposal of shares by an executive could have a minor psychological impact on shareholders, but the amount is small.
Key Dates
| Date | Description |
|---|---|
| 05/05/2024 | Date of transaction: Disposal of 452 shares of common stock. |
| 05/07/2024 | Date of signature on 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.