ARCBEST Chief Innovation Officer Dennis L. Anderson II Withholds 498 Shares

What Happened
Dennis L. Anderson II, Chief Innovation Officer at ARCBEST (ARCB), had a total of 498 shares withheld to cover tax liabilities tied to equity compensation. The filing shows 354 shares were withheld on 2026-05-06 at $121.82 per share ($43,124) and 144 shares were withheld on 2026-05-07 at $121.78 per share ($17,536), for a combined value of approximately $60,660. This is a routine withholding (disposition) to satisfy taxes, not an open-market sale or new purchase.

Key Details

• Transaction dates and amounts:
  • 2026-05-06: 354 shares @ $121.82 = $43,124 (code F: payment of exercise price or tax liability)
  • 2026-05-07: 144 shares @ $121.78 = $17,536 (code F)
• Total shares withheld: 498; total value ≈ $60,660.
• Shares owned after the transaction: Not specified in the supplied filing.
• Filing date: Form filed 2026-05-08. That filing date appears to be within the standard 2-business-day Form 4 window for the reported transactions (not flagged as late).
• Transaction code: F — indicates shares were used to pay an exercise price or tax liability (withholding).

Context
Code F typically means shares were withheld to cover taxes resulting from an option exercise or vesting of restricted stock units. This is a common administrative action and should be viewed as routine tax withholding rather than a discretionary sell-off; it does not by itself signal a change in the insider’s view of the company. Purchases (P) tend to carry more weight for signaling than withholding or sales.