Form 4: Old Dominion Freight Line Director Settles Phantom Stock Awards for Common Stock
SEC Form 4 Filing
Director Greg C. Gantt settles phantom stock awards for Old Dominion Freight Line common stock on June 3, 2024, increasing his direct holdings.
Summary
- On June 3, 2024, Greg C. Gantt, a director of Old Dominion Freight Line, Inc., settled outstanding phantom stock awards.
- The settlement resulted in the acquisition of common stock.
- The transactions involved multiple phantom stock grants from 2010 to 2015.
- The director directly owns 117,958 shares of common stock following the reported transactions.
- The phantom stock conversions were adjusted to reflect previous stock splits.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It doesn't necessarily reflect broader industry trends but offers insight into individual executive compensation and stock ownership.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director stock ownership.
- The settlement of phantom stock awards impacts the director's personal holdings but does not directly affect employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/24/2010 | Date of a three-for-two stock split that affected some phantom stock grants. |
| 09/10/2012 | Date of a three-for-two stock split that affected some phantom stock grants. |
| 03/25/2020 | Date of a three-for-two stock split that affected some phantom stock grants. |
| 03/28/2024 | Date of a two-for-one stock split that affected all phantom stock grants. |
| 06/03/2024 | Date of the transaction where phantom stock awards were settled for common stock. |
| 06/04/2024 | Date of signature on the Form 4 filing. |
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