ARCB ARCBEST CORP /DE/

Did the company actually spend money buying back stock in 3+ of the last 4 quarters?

Bought back stock in 4/4 quarters. Q3 2025: $24M, Q2 2025: $16M, Q1 2025: $16M, Q3 2024: $25M

Is the most recent quarter's buyback spend more than 15% above the trailing average?

Latest quarter $24M vs trailing avg $19M (+31%)

What percentage of free cash flow is going to buybacks? Bull: 30-80%. Bear: <10% or >80%.

Negative FCF ($-264M), cannot compute buyback ratio

How fast are they shrinking the float? Bull: 2%+ annually. Bear: under 0.5%.

Missing shares repurchased or outstanding data

Are officers and directors buying stock with their own money on the open market?

5 open-market purchases by 3 insiders

• Hogan Michael P () bought 3,418 shares at $59.00 on 2025-05-07
• Beasley John Matthew (CHIEF FINANCIAL OFFICER) bought 700 shares at $74.89 on 2025-03-13
• Abbate Salvatore A () bought 1,000 shares at $103.93 on 2024-08-12
• Beasley John Matthew (CFO and Treasurer(1)) bought 1,000 shares at $104.98 on 2023-09-14
• Hogan Michael P () bought 1,771 shares at $84.77 on 2022-02-07

Are insider purchases happening during the same quarters the company is actively buying back stock?

Insider buying coincided with company buybacks in 2 of 4 quarters

• Q3 2025: Abbate Salvatore A bought while company spent $24M
• Q3 2024: Beasley John Matthew bought while company spent $25M

Looking at all open-market transactions, are insiders net buyers or net sellers?

Insiders bought $1M, sold $25M (net selling)

Active buyback + insiders net selling 3x+ more than buying. Company cash may be supporting price while insiders exit.

Company buying back stock while insiders sold 40.1x more than bought. 7 C-suite officers among sellers

• Gattis Erin K (CHIEF HUMAN RESOURCES OFFICER) sold 1,276 shares on 2024-03-01
• Gattis Erin K (CHIEF HUMAN RESOURCES OFFICER) sold 724 shares on 2024-03-01
• Anderson Dennis L II (Chief Strategy Officer) sold 1,355 shares on 2023-08-22
• Anderson Dennis L II (Chief Strategy Officer) sold 4,024 shares on 2023-08-22
• Anderson Dennis L II (Chief Strategy Officer) sold 295 shares on 2023-08-23
• Anderson Dennis L II (Chief Strategy Officer) sold 1,667 shares on 2023-08-23
• Johns Michael R (Chief Legal Officer & Corp Sec) sold 8,947 shares on 2023-08-09
• MCREYNOLDS JUDY R (Chairman, President & CEO) sold 15,443 shares on 2023-08-08
• MCREYNOLDS JUDY R (Chairman, President & CEO) sold 9,557 shares on 2023-08-09
• Gattis Erin K (Chief Human Resources Officer) sold 1,253 shares on 2023-08-02