Form 4: ODFL Executive Sells Shares for Tax Obligations

Ross H. Parr, SVP of Legal Affairs at Old Dominion Freight Line, reported the sale of 576 common shares to cover tax liabilities.

Summary

• Ross H. Parr, Senior Vice President of Legal Affairs, General Counsel, and Secretary at Old Dominion Freight Line, Inc. (ODFL), reported transactions involving the company's common stock.
• On February 7, 2026, Parr disposed of 273 shares of common stock at a price of $202.47 per share.
• On February 8, 2026, Parr disposed of an additional 303 shares of common stock at the same price of $202.47 per share.
• These transactions, totaling 576 shares, were marked with transaction code 'F', indicating they were dispositions to cover tax withholding obligations.
• Following these transactions, Parr directly beneficially owns 40,948 shares of common stock.
• Additionally, Parr indirectly beneficially owns 624 shares of common stock through a 401(k) plan.
• The transactions were made pursuant to a Rule 10b5-1(c) pre-arranged plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transactions are routine tax-related dispositions by an executive, pre-scheduled under a 10b5-1 plan, and do not indicate a change in company fundamentals or executive sentiment.

Positives

• The transactions were conducted under a Rule 10b5-1(c) plan, indicating pre-scheduled sales rather than discretionary selling based on new information.

Negatives

• An executive disposed of 576 shares of common stock, reducing their direct ownership.

Future Outlook

This filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those for tax withholding, are common across all industries and typically do not reflect a change in the company's fundamental outlook or the executive's confidence in the company's long-term prospects. These are standard events in executive compensation plans.

Comparison to Industry Standards

• The disposition of shares for tax purposes is a standard practice for executives receiving equity compensation across publicly traded companies, aligning with common industry compensation structures.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine, pre-scheduled tax-related transactions by an executive, not indicative of a change in company performance or outlook.

Key Dates

Keywords

Old Dominion Freight Line, ODFL, Insider Trading, Form 4, Stock Sale, Executive Compensation, Tax Withholding, Ross H. Parr