SCHEDULE 13G/A: FMR LLC and Abigail Johnson Disclose 3.7% Passive Stake in ArcBest Corp
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 3.7% in ArcBest Corp's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, through an amendment to Schedule 13G, have disclosed their beneficial ownership in ArcBest Corp.
- As of March 31, 2025, the aggregate amount beneficially owned by FMR LLC and Abigail P. Johnson is 848,655.94 shares of ArcBest Corp's common stock.
- This ownership represents 3.7% of the total outstanding common stock of ArcBest Corp.
- FMR LLC holds sole voting power over 846,882.00 shares and sole dispositive power over 848,655.94 shares.
- Abigail P. Johnson holds sole dispositive power over 848,655.94 shares, with no sole or shared voting power directly attributed.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of ArcBest Corp.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual, with both filing jointly under a Rule 13d-1(k)(1) agreement.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, indicating a passive investment. It contains no information that would inherently suggest positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding ArcBest Corp's future performance or operations.
Industry Context
This Schedule 13G filing is a routine disclosure by a significant institutional investor, FMR LLC (Fidelity Management & Research), and its principal, Abigail P. Johnson, regarding their passive ownership stake in a publicly traded company. Such filings are common in the financial industry, providing transparency on large, non-controlling investment positions.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure Disclosure | The document details the internal governance of FMR LLC, noting that members of the Johnson family, including Abigail P. Johnson, are predominant owners of Series B voting common shares (49% of voting power) and have a shareholders' voting agreement to vote in accordance with the majority vote of Series B shares. This structure allows the Johnson family group to be deemed a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | N/A | This disclosure clarifies the control structure within FMR LLC, the reporting entity, rather than changes to ArcBest Corp's corporate governance. It confirms the reporting persons' ability to aggregate their holdings for disclosure purposes. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake, confirming that a large block of shares is held for investment purposes rather than control.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 03/31/2025 | Date of event which requires the filing of this statement (reporting period end). |
| 05/09/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
ArcBest Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Institutional Investor, Ownership Disclosure
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