Michael E. Newcity
Net Worth
Last updated:
What is Michael E. Newcity net worth?
The estimated net worth of Mr. Michael E. Newcity is at least $17,465,056 as of 17 May 2021. He owns shares worth $3,089,040 as insider, has earned $2,176,016 from insider trading and has received compensation worth at least $12,200,000 in ArcBest Corporation.
What is the salary of Michael E. Newcity?
Mr. Michael E. Newcity salary is $1,220,000 per year as Senior Vice President & Chief Innovation Officer in ArcBest Corporation.
How old is Michael E. Newcity?
Mr. Michael E. Newcity is 55 years old, born in 1970.
What stocks does Michael E. Newcity currently own?
As insider, Mr. Michael E. Newcity owns shares in one company:
| Company | Title | Shares | Price per share | Total value |
|---|---|---|---|---|
| ArcBest Corporation (ARCB) | Senior Vice President & Chief Innovation Officer | 42,200 | $73.2 | $3,089,040 |
What does ArcBest Corporation do?
ArcBest Corporation provides freight transportation and integrated logistics services. It operates through three segments: Asset-Based, ArcBest, and FleetNet. The Asset-Based segment transports general commodities, such as food, textiles, apparel, furniture, appliances, chemicals, nonbulk petroleum products, rubber, plastics, metal and metal products, wood, glass, automotive parts, machinery, and miscellaneous manufactured products through less-than-truckload services. It also offers motor carrier freight transportation services to customers in Mexico through arrangements with trucking companies. The ArcBest segment provides expedite freight transportation services to commercial and government customers; premium logistics services, such as deployment of specialized equipment to meet linehaul requirements; and international freight transportation with air, ocean, and ground services. It also offers third-party transportation brokerage services by sourcing various capacity solutions, including dry van over the road and intermodal, temperature-controlled and refrigerated, flatbed, intermodal or container shipping, and specialized equipment; full-container and less-than-container load ocean transportation services; warehousing and distribution services; managed transportation services; and moving services to 'do-it-yourself' consumer, as well as provides final mile, time critical, product launch, warehousing, retail logistics, supply chain optimization, and trade show shipping services. The FleetNet segment provides roadside repair solutions and vehicle maintenance management services for commercial and private fleets through a network of third-party service providers. The company was formerly known as Arkansas Best Corporation and changed its name to ArcBest Corporation in May 2014. ArcBest Corporation was founded in 1923 and is headquartered in Fort Smith, Arkansas.
Michael E. Newcity insider trading
ArcBest Corporation
Mr. Michael E. Newcity has made 6 insider trades between 2015-2021, according to the Form 4 filled with the SEC. Most recently he sold 6,669 units of ARCB stock worth $555,594 on 17 May 2021.
The largest trade he's ever made was exercising 9,670 units of ARCB stock on 24 Nov 2020. As of 17 May 2021 he still owns at least 42,200 units of ARCB stock.
ArcBest key executives
ArcBest Corporation executives and other stock owners filed with the SEC:
- Mr. David R. Cobb (59) Vice President & Chief Financial Officer
- Mr. James A. Ingram (58) Chief Operating Officer of Asset-Light Logistics
- Mr. Michael E. Newcity (55) Senior Vice President & Chief Innovation Officer
- Ms. Judy R. McReynolds (62) Chairman, Pres & Chief Executive Officer