Arch Resources (ARCH) executive Ziegler sold 3,299 shares for $559K at an average $169.42 under a 10b5-1 plan
Insider transactions reported
John A. Ziegler (Sr. VP & Chief Admin Officer at Arch Resources Inc., ARCH) reported that they sold 3,299 shares for $559K at an average $169.42, and received 18,542 shares, and acquired 3,450 shares between Feb 25, 2024 and Feb 26, 2024. After these transactions the filing shows 33,618 shares held directly.
- Reporting person
- Ziegler John A.
- Role
- Sr. VP & Chief Admin Officer
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 25, 2024 | Exercise or conversion of a derivative (M) | Common Stock1 | +3,450 | - | - | 27,687 direct |
| Feb 25, 2024 | Grant or award (A) | Common Stock1, 2 | +18,542 | - | - | 46,229 direct |
| Feb 26, 2024 | Shares withheld for taxes or exercise price (F) | Common Stock3 | -9,312 | $169.54 | $1.58M | 36,917 direct |
| Feb 26, 2024 | Open-market sale (S) | Common Stock4, 5, 6, ... | -3,299 | avg $169.42 | $559K | 33,618 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 25, 2024 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 3,450 Class A Common Stock1, 8 | -3,450 | - | - | 0 direct |
Holdings before and after
- Common Stock: 24,237 to 33,618 direct
- Restricted Stock Units: 3,450 to 0 direct
Footnotes from the filing
- 1. Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Arch Resources, Inc. (the Company ).
- 2. Represents an award of Performance Stock Units originally granted to the reporting person on February 25, 2021. On February 21, 2024, the Issuer's Board of Directors determined that the performance condition[s] with respect to such award had been satisified, resulting in the vesting of the shares of Common Stock reported herein.
- 3. These shares were withheld by the Company to satisfy the reporting person's tax withholding obligations.
- 4. The sale of shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 7, 2023 and represents an automatic sale to cover tax obligations.
- 5. The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $167.55 to $168.47.
- 8. The restricted stock units are fully vested.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Grant or award:
- Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Ziegler report in this ARCH Form 4?
John A. Ziegler (Sr. VP & Chief Admin Officer at Arch Resources Inc., ARCH) reported that they sold 3,299 shares for $559K at an average $169.42, and received 18,542 shares, and acquired 3,450 shares between Feb 25, 2024 and Feb 26, 2024. After these transactions the filing shows 33,618 shares held directly.
How many ARCH shares does Ziegler hold after this filing?
The filing shows 33,618 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this ARCH insider sale made under a 10b5-1 plan?
The filing's footnotes mention a Rule 10b5-1 trading plan. Such a plan sets the terms of future trades in advance.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for ARCH
Earlier insider filings at ARCH
- Feb 27, 2024Drexler John T. converted options into 5,934 shares, was granted 31,888 shares and covered exercise/tax liability with 16,649 shares, increasing direct ownership by 24% to 109,266 units (SEC Form 4)
- Feb 27, 2024Eaves John W converted options into 3,584 shares, was granted 19,258 shares and covered exercise/tax liability with 8,625 shares, increasing direct ownership by 7% to 209,671 units (SEC Form 4)
- Feb 27, 2024Lang Paul A converted options into 10,150 shares, was granted 54,551 shares and covered exercise/tax liability with 28,567 shares, increasing direct ownership by 25% to 182,605 units (SEC Form 4)
- Feb 27, 2024Giljum Matthew C. was granted 20,064 shares, covered exercise/tax liability with 10,169 shares, sold $403,352 worth of shares (2,380 units at $169.48) and converted options into 3,734 shares, increasing direct ownership by 40% to 39,235 units (SEC Form 4)
- Feb 27, 2024Slone Deck converted options into 3,150 shares, was granted 16,929 shares, covered exercise/tax liability with 8,450 shares and sold $850,537 worth of shares (5,020 units at $169.43), increasing direct ownership by 30% to 28,809 units (SEC Form 4)
- Market cap
- 30-day
- Sector
- Energy
- Industry
- Coal Mining
- Listed since
- 2016
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