SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2019

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

NOTE I – SHARE-BASED COMPENSATION

Stock Awards

As of March 31, 2019 and December 31, 2018, the Company had outstanding restricted stock units granted under the 2005 Ownership Incentive Plan (the “2005 Plan”).

On April 30, 2019, the Company’s stockholders approved the ArcBest Corporation Ownership Incentive Plan (the “Ownership Incentive Plan”), which the Company’s Board of Directors adopted on February 22, 2019 to amend and restate the 2005 Plan. The Ownership Incentive Plan provides for the granting of 4.0 million shares, which may be awarded as incentive and nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), or performance award units.

Restricted Stock Units

A summary of the Company’s restricted stock unit award program is presented below:

		Weighted-Average
		Grant Date
	Units	Fair Value
Outstanding – January 1, 2019	1,436,983	$	25.81
Granted	2,400	$	36.05
Vested	(750)	$	31.09
Forfeited(1)	(920)	$	25.61
Outstanding – March 31, 2019	1,437,713	$	25.83

⁽¹⁾ Forfeitures are recognized as they occur.