Form 4: Old Dominion Freight Line Executive Chairman Reports Gift Transfers of Common Stock
SEC Form 4
David S. Congdon, Executive Chairman of Old Dominion Freight Line, reports transactions involving gifts and transfers of common stock held in various trusts.
Summary
- David S. Congdon, the Executive Chairman of Old Dominion Freight Line, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- The reported transactions primarily involve gifts and transfers of shares held indirectly through various revocable and irrevocable trusts.
- On February 25, 2025, Mr. Congdon reported gifting 1,352 shares of common stock.
- He also reported an exempt transfer of 38,125 shares related to the Audrey Congdon Irrevocable Trust #2 FBO Megan Oglesby.
- Following these transactions, Mr. Congdon's total indirect beneficial ownership includes significant holdings through multiple trusts, including those for family members.
- The filing also indicates holdings within a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership percentages, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 12/3/91 | Date of David S. Congdon Revocable Trust |
| 12/18/98 | Date of Irrevocable Trust Agreement fbo Ashlyn Congdon |
| 11/18/99 | Date of David S. Congdon Irrevocable Trust No. 2 |
| 4/24/12 | Date of Helen S. Congdon Revocable Inter Vivos Trust |
| 02/25/2025 | Date of reported transactions (gifts and transfers) |
| 02/26/2025 | Date of Form 4 signature |
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