Form 4: Old Dominion Freight Line Director Settles Phantom Stock Awards
SEC Form 4 Filing
Director Greg C. Gantt reports the settlement of phantom stock awards into Old Dominion Freight Line, Inc. common stock on April 1, 2025.
Summary
- Greg C. Gantt, a director of Old Dominion Freight Line, Inc., reported the settlement of phantom stock awards.
- The settlements occurred on April 1, 2025, and resulted in the acquisition of various amounts of common stock.
- Gantt acquired a total of 5,058 shares of common stock through the settlement of phantom stock.
- He also disposed of 2,113 shares to cover tax obligations at a price of $165.45.
- Following these transactions, Gantt directly owns 110,256 shares of common stock and indirectly owns 268 shares through a spouse's 401(k) plan.
- The phantom stock awards were adjusted to reflect previous stock splits.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transactions described are part of standard executive compensation practices. Therefore, the sentiment is neutral.
Positives
- The director's increased holdings demonstrate confidence in the company.
- The settlement of phantom stock awards aligns executive compensation with shareholder value.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the settlement of deferred compensation in the form of phantom stock, a common practice in executive compensation.
Stakeholder Impact
- The settlement of phantom stock awards could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/24/2010 | Date of a three-for-two stock split that affected certain phantom stock grants. |
| 09/10/2012 | Date of a three-for-two stock split that affected certain phantom stock grants. |
| 03/25/2020 | Date of a three-for-two stock split that affected certain phantom stock grants. |
| 03/28/2024 | Date of a two-for-one stock split that affected certain phantom stock grants. |
| 04/01/2025 | Date of the transaction: settlement of phantom stock awards into common stock. |
| 04/02/2025 | Date of the Form 4 filing. |
Keywords
Form 4, ODFL, Old Dominion Freight Line, Greg C. Gantt, Phantom Stock, Stock Settlement, Director, Beneficial Ownership
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