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Insider Trends: ArcBest Insider Makes Tax Sale Extends 90-Day Selling Trend

05/10/2021 07:10

11:03 AM EDT, 05/10/2021 (MT Newswires) -- Erin K Gattis, Chief Human Resources Officer, executed a sale of 2,835 shares of ArcBest (ARCB) on May 06, 2021, for approximately $256,426 to satisfy tax obligations. Subsequent to the Form 4 filing with the SEC, Gattis has control over a total of 49,088 shares of company stock, with 48,969 shares held directly and 119 controlled indirectly. The market value of the direct and indirect holdings, based on the prior-day closing price, is approximately $4.44 million.

During the most recent 90-day period, prior to the date of this filing, there have been 6 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 18,130 company shares by insiders. Relative to 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 a lower level of transactions than the peer group average in the 26-company Ground Freight & Logistics peer group over the last 90-day period. Within the peer group activity averaged 129.8 transactions per company, and disposition of 95,021 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/894405/000120919121031131/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.