Insider Trends: ArcBest Insider Continues Selling Trend with Tax Sale
10:59 AM EDT, 05/10/2021 (MT Newswires) -- Dennis L Anderson II, Chief Customer Officer, made a sale of 3,130 shares of ArcBest (ARCB) on May 06, 2021, for approximately $283,108 to satisfy tax obligations. Following the Form 4 filing with the SEC, Anderson owns 44,973 shares of the company, with a market value, based on the prior-day closing price, of $4.07 million.
During the most recent 90-day period, prior to the date of this filing, there have been 5 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 15,000 company shares by insiders. In the preceding 90-day window of time, there was 1 transaction from 1 insider which culminated in the disposition of 9,670 shares.
This is lower than the average level of insider transactions in the 26-company Ground Freight & Logistics peer group over the last 90-day period. Peer group activity averaged 129.8 transactions per company, and disposition of 95,017 shares on average.
SEC Story Link http://www.sec.gov/Archives/edgar/data/894405/000120919121031129/xslF345X03/doc4.xml
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