Form 4: ArcBest Executive Steven Leonard Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
ArcBest COO Steven Leonard sold 177 shares of common stock on May 7, 2025, to cover tax obligations arising from equity compensation.
Summary
- On May 7, 2025, Steven Leonard, COO of Asset Light Logistics at ArcBest Corp, sold 177 shares of ArcBest common stock.
- The sale price was $58.93 per share.
- The transaction was executed to cover tax obligations.
- Following the transaction, Leonard directly owns 25,948 shares of ArcBest common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale of shares by an executive.
Key Dates
| Date | Description |
|---|---|
| 05/07/2025 | Date of stock sale transaction |
| 05/09/2025 | Date of signature on the Form 4 filing |
Keywords
ArcBest, Steven Leonard, stock sale, Form 4, insider trading, Asset Light Logistics, tax obligations
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.