ARCBEST CORP /TX/
For the period ended Apr 25, 2025. Filed Mar 14, 2025.
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Apr 25, 2025 · Filed Mar 14, 2025
Contents
Compensation Program Changes for 2024
The Committee monitors and reviews the Company’s executive compensation programs on an ongoing basis. In December 2023, with the assistance of Meridian, the Committee evaluated the incentive plan structure, including program objectives, market comparisons, and compensation philosophy. Based on this review, the Committee approved the following adjustments to the Company’s executive incentive compensation plans beginning in 2024, to provide for increased focus on long-term performance and to further align with market practice:
| ■ | Revised the performance metric weighting utilized in our AIP to 60% Adjusted Operating Income and 40% Adjusted ROCE (from equal weighting in 2023) and harmonized the maximum payout percentages for each performance metric to 250% (from 200% and 300%, respectively); |
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| ■ | Revised the long-term incentive compensation weighting to 60% performance-based C-LTIP and 40% time-vested RSUs (from equal weighting in 2023) to enhance the overall performance-based focus of the program; and |
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| ■ | Revised the performance metric weighting utilized in our C-LTIP to 60% three-year average Adjusted ROCE and 40% Relative TSR (from equal weighting in 2023) and harmonized the maximum payout percentages for each performance metric to 250% (from 300% and 200%, respectively). |
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These changes are further described in the sections that follow.
ArcBest / 2025 PROXY STATEMENT 39
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