Form 4: Old Dominion Freight Line Director Settles Phantom Stock Awards for Common Stock

Director Greg C. Gantt reports the settlement of phantom stock awards into Old Dominion Freight Line, Inc. common stock on July 1, 2024.

Summary

• On July 1, 2024, Greg C. Gantt, a director at Old Dominion Freight Line, Inc., settled phantom stock awards for common stock.
• The transactions involved the conversion of phantom stock units from various grants (2015, 2014, 2013, 2012, 2011, and grants prior to 2010) into common stock.
• Gantt acquired a total of 5,052 shares of common stock through these settlements.
• He also disposed of 2,125 shares at a price of $176.6.
• Following these transactions, Gantt beneficially owns 120,941 shares of Old Dominion Freight Line, Inc. common stock directly.
• The phantom stock amounts were adjusted to reflect previous stock splits.

Sentiment

Score: 5

Explanation: This is a neutral report of transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the director's activity in settling phantom stock awards, which is a common form of executive compensation.

Stakeholder Impact

• The settlement of phantom stock awards could have a minor dilutive effect on existing shareholders.

Key Dates