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Insider Trends: ArcBest Insider Sale for Taxes Adds to 90-Day Selling Trend

05/10/2021 08:05

11:52 AM EDT, 05/10/2021 (MT Newswires) -- On May 06, 2021, Michael E Newcity, SVP - Chf Innovation Offcr(1), completed a sale of 4,831 ArcBest (ARCB) shares for approximately $436,964 to meet tax obligations. Newcity, following the transactions detailed in the Form 4 SEC filing, owns 45,769 shares of the company, with a market value, based on the prior-day closing price, of $4.14 million.

In the 90 days previous to the date of this filing, there have been 10 transactions reported to the SEC, all of which have been sales and have resulted in the disposition of 30,936 company shares by insiders. This compares with the preceding 90-day window of time where there was 1 transaction from 1 insider that resulted in the disposition of 9,670 shares.

This level of insider transactions is below that of 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 130.0 transactions per company, and disposition of 95,040 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/894405/000120919121031139/xslF345X03/doc4.xml

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