SHARE-BASED COMPENSATION

6 Months Ended

Jun. 30, 2019

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION

NOTE I – SHARE-BASED COMPENSATION

Stock Awards

As of December 31, 2018, the Company had outstanding restricted stock units (“RSUs”) granted under the 2005 Ownership Incentive Plan (the “2005 Plan”). On April 30, 2019, the Company’s stockholders approved the ArcBest Ownership Incentive Plan (the “Ownership Incentive Plan”) 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, RSUs, or performance award units. The Company had outstanding RSUs granted under the Ownership Incentive Plan as of June 30, 2019.

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	386,520	$	27.75
Vested	(142,594)	$	39.87
Forfeited(1)	(18,456)	$	26.56
Outstanding – June 30, 2019	1,662,453	$	25.05

(1) Forfeitures are recognized as they occur.