ARCBEST CORP /DE/·4

May 8, 5:25 PM ET

Gattis Erin K 4

Research Summary

AI-generated summary

Updated

ARCBEST CHRO Erin Gattis Sells Shares for Tax Withholding

What Happened

  • Erin K. Gattis, Chief Human Resources Officer of ArcBest Corp (ARCB), disposed of shares to satisfy tax withholding obligations tied to company equity. She surrendered 306 shares on 2026-05-06 at $121.82 each ($37,277) and 144 shares on 2026-05-07 at $121.78 each ($17,536), for a combined total of approximately $54,813.
  • This is a withholding/disposal (code F) to pay tax liability — a routine administrative transaction rather than an open-market sale or purchase.

Key Details

  • Transaction dates and prices:
    • 2026-05-06: 306 shares @ $121.82 = $37,277
    • 2026-05-07: 144 shares @ $121.78 = $17,536
  • Total shares disposed: 450; total value ≈ $54,813.
  • Shares owned after the transaction: not specified in the Form 4.
  • Footnote: F1 — share counts were calculated from ArcBest Corporation stock fund figures provided by the fund manager on 05/07/2026; number of shares derived from unit ownership.
  • Filing: Form 4 filed 2026-05-08 for transactions on 05-06 and 05-07 (filed within the typical two-business-day window).

Context

  • Code F transactions typically represent shares withheld or surrendered to cover taxes after vesting or an option exercise; they are administrative and do not necessarily signal confidence or lack thereof in the company.
  • For retail investors, purchases and open-market sales are usually more informative about insider sentiment than routine tax-withholding disposals like this one.