Form 4: ArcBest Corp Executive Steven Leonard Reports Stock Disposals to Cover Tax Obligations

ArcBest Corp's COO, Steven Leonard, reported disposing of company stock to cover tax obligations arising from equity awards.

Summary

• Steven Leonard, COO of Asset-Light Logistics at ArcBest Corp, reported the disposal of company stock on May 5th and 6th, 2025.
• The transactions were executed to cover tax obligations.
• On May 5th, 2025, 292 shares of common stock were disposed of at a price of $60.96 per share.
• On May 6th, 2025, 236 shares of common stock were disposed of at a price of $58.54 per share.
• Following these transactions, Leonard directly owns 26,125 shares of ArcBest Corp.
• The transactions were reported on a Form 4 filing with the SEC.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Executive stock disposals for tax purposes are a common occurrence, especially after equity awards vest. This filing provides transparency into executive compensation and stock ownership at ArcBest Corp.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, SEC Filing, Stock Disposal, ArcBest Corp, Steven Leonard, Executive Compensation, Tax Obligations, ARCB