Form 4: Old Dominion Freight Line Director Settles Phantom Stock Awards for Common Stock
SEC Form 4 Filing
Director Greg C. Gantt reports the settlement of phantom stock awards into Old Dominion Freight Line, Inc. common stock on September 1, 2024.
Summary
- On September 1, 2024, Greg C. Gantt, a director of Old Dominion Freight Line, Inc., settled phantom stock awards for common stock.
- The transactions involved the conversion of phantom stock units from various grants (2010-2015) into common stock.
- Gantt acquired a total of 5,058 shares of common stock through these settlements.
- Following these transactions, Gantt directly owns 101,907 shares of Old Dominion Freight Line, Inc.
- The price at which 2,125 shares were disposed of was $192.8.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment regarding the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of management's interests with those of shareholders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in insider ownership.
- Employees holding similar phantom stock awards may anticipate similar settlements.
Key Dates
| Date | Description |
|---|---|
| 08/24/2010 | Date of a three-for-two stock split, affecting phantom stock grants prior to 2010. |
| 09/10/2012 | Date of a three-for-two stock split, affecting phantom stock grants from 2011 and 2012. |
| 03/25/2020 | Date of a three-for-two stock split, affecting phantom stock grants from 2013, 2014 and 2015. |
| 03/28/2024 | Date of a two-for-one stock split, affecting all phantom stock grants. |
| 09/01/2024 | Date of the transaction: settlement of phantom stock awards for common stock. |
| 09/03/2024 | Date of the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.