Form 4: Old Dominion Freight Line EVP and CFO Adam N. Satterfield Reports Changes in Beneficial Ownership
SEC Form 4
Adam N. Satterfield, EVP and CFO of Old Dominion Freight Line, reports the disposal of common stock to cover tax obligations, resulting in adjustments to his direct and indirect holdings.
Summary
- Adam N. Satterfield, the EVP and CFO of Old Dominion Freight Line, Inc. (ODFL), filed a Form 4 to report changes in beneficial ownership.
- The reported transactions involve the disposal of common stock to satisfy tax obligations.
- These disposals occurred on February 7, 8, and 9, 2025, with prices at $197.2 per share.
- Following these transactions, Satterfield's direct ownership of common stock decreased, while his indirect ownership through a 401(k) plan remained.
- The filing also notes that on March 28, 2024, Old Dominion Freight Line's common stock began trading on a 2-for-1 stock split-adjusted basis, affecting the reporting person's ownership.
Sentiment
Score: 5
Explanation: This is a neutral filing related to stock transactions for tax purposes. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive stock transactions and is typical for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in insider ownership, but the disposals are related to tax obligations and are unlikely to significantly affect the company's performance.
Key Dates
| Date | Description |
|---|---|
| 2024-03-28 | Old Dominion Freight Line's common stock began trading on a 2-for-1 stock split-adjusted basis. |
| 2025-02-07 | Transaction date for the disposal of 404 shares of common stock. |
| 2025-02-08 | Transaction date for the disposal of 385 shares of common stock. |
| 2025-02-09 | Transaction date for the disposal of 683 and 342 shares of common stock. |
| 2025-02-11 | Date of signature for the Form 4 filing. |
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