Form 4: ArcBest Director Conrado Transfers Shares in Recent Transactions
SEC Form 4 Filing
Director Eduardo F. Conrado reports acquisition and disposal of ArcBest Corp shares, including a transfer to a trust.
Summary
- Eduardo F. Conrado, a director of ArcBest Corp, filed a Form 4 detailing changes in beneficial ownership.
- On May 7, 2024, Conrado acquired 1,250 shares of ArcBest common stock.
- On May 8, 2024, Conrado disposed of 3,600 shares of common stock via a transfer to a trust where his spouse is the trustee.
- Following these transactions, Conrado directly owns 22,150 shares and indirectly owns 3,600 shares through the trust.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of share transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.
Related Party Transactions
- The transfer of 3,600 shares to a trust where the reporting person's spouse is the trustee constitutes a related party transaction.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Reporting person acquired 1,250 shares of common stock. |
| 05/08/2024 | Reporting person transferred 3,600 shares of common stock to a trust. |
| 05/09/2024 | Date of signature for the Form 4 filing. |
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