Form 4: ArcBest Executive Erin K. Gattis Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Erin K. Gattis, Chief Human Resources Officer at ArcBest Corp, reports disposing of shares to cover tax obligations arising from vesting of restricted stock units.
Summary
- Erin K. Gattis, Chief Human Resources Officer of ArcBest Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of ArcBest common stock on May 11 and May 12, 2024, to cover tax obligations.
- On May 11, 2024, 1,006 shares were disposed of at a price of $117.4 per share.
- On May 12, 2024, 4,288 shares were disposed of at a price of $117.4 per share.
- Following these transactions, Gattis directly owns 26,947 shares of ArcBest common stock.
- Gattis also indirectly owns shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 05/11/2024 | Disposal of 1,006 shares of common stock at $117.4 per share. |
| 05/12/2024 | Disposal of 4,288 shares of common stock at $117.4 per share. |
| 05/12/2024 | Date used for calculation of company stock shares based on ArcBest Corporation stock fund figures provided by the fund management company. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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