ARCBEST CORP /TX/
For the period ended Apr 25, 2025. Filed Mar 14, 2025.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Apr 25, 2025 · Filed Mar 14, 2025
Contents
Overview of Our Compensation Program
The primary elements of direct compensation awarded to the Named Executive Officers are shown below.
| | CompensationElement | How Paid | Performance Metrics | Rationale |
|---|---|---|---|---|
| Fixed | Base salary | Cash | N/A | Ensures that an executive receives a minimum level of pay irrespective of Company performance, which is important for retention and risk reduction. Reviewed annually and reflects executive’s experience, the scope and complexity of the executive’s position, current objectives and responsibilities, internal equity, the executive’s performance, retention needs, and market factors. |
| At-Risk (Variable) | Annual incentive (AIP) | Cash | Annual goals for Adjusted Operating Income and Adjusted ROCE | Designed to encourage our management to focus on profitability and the attainment of Company financial goals, on an annual basis, that we believe will lead to our long-term success and promote retention of our executive talent. |
| At-Risk (Variable) | Long-term incentive | Cash (C-LTIP)(60% of target) | Three-year goals for relative TSR and Adjusted ROCE | Designed to reward management and drive performance with respect to the Company’s key financial metrics. The three-year performance cycle encourages a long-term perspective incentivizing sustainable value creation along with profitability and capital efficiency. Using cash-based awards also mitigates the dilutive effect of solely offering long-term equity compensation. |
| Time-based RSUs(40% of target) | Vest pro-rata over three years following grant date | Aligns interest of management with stockholders, focuses our executives on stockholder valuation creation over a multi-year period, helps to retain key talent and discourages inappropriate short-term behaviors. | ||
We use Adjusted ROCE in our annual and long-term cash incentive compensation plans to ensure our leadership team maintains a consistent focus on key performance measures that align with the Company’s strategic goals. Adjusted ROCE is important in both the short and long term because it measures how efficiently the Company creates value through the deployment of its capital to generate profitable returns.
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