Form 4: ArcBest Corp Executive Parks Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Vice President and Controller of ArcBest Corp, Jason T Parks, disposed of 71 shares of common stock on May 7, 2025, to satisfy tax obligations.
Summary
- On May 7, 2025, Jason T Parks, VP Controller of ArcBest Corp, sold 71 shares of common stock at a price of $58.93 per share.
- The transaction was executed to cover tax obligations.
- Following the transaction, Parks directly owns 4,218 shares of ArcBest Corp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine stock sale by an executive to cover tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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.
Key Dates
| Date | Description |
|---|---|
| 05/07/2025 | Date of transaction: Jason T Parks sold 71 shares of ArcBest Corp common stock. |
| 05/09/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, ArcBest Corp, Jason T Parks, Stock Sale, Insider Trading, Executive Compensation, Tax Obligations
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