Greg C. Gantt - 01 Aug 2024 Form 4 Insider Report for OLD DOMINION FREIGHT LINE, INC. (ODFL)

Role
Director
Signature
/s/ Greg C. Gantt
Issuer symbol
ODFL
Transactions as of
01 Aug 2024
Transactions value $
-$446,633
Form type
4
Filing time
02 Aug 2024, 16:09:57 UTC
Previous filing
31 Jul 2024
Next filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ODFL Common Stock Options Exercise +350 +0.36% 96,291 01 Aug 2024 Direct F1
transaction ODFL Common Stock Options Exercise +480 +0.5% 96,771 01 Aug 2024 Direct F1
transaction ODFL Common Stock Options Exercise +708 +0.73% 97,479 01 Aug 2024 Direct F1
transaction ODFL Common Stock Options Exercise +824 +0.85% 98,303 01 Aug 2024 Direct F1
transaction ODFL Common Stock Options Exercise +338 +0.34% 98,641 01 Aug 2024 Direct F1
transaction ODFL Common Stock Options Exercise +550 +0.56% 99,191 01 Aug 2024 Direct F1
transaction ODFL Common Stock Options Exercise +1,858 +1.87% 101,049 01 Aug 2024 Direct F1
transaction ODFL Common Stock Tax liability -$446,632 -2,125 -2.1% $210.18 98,924 01 Aug 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ODFL Phantom Stock (2015 grant) Options Exercise -350 -5.89% 5,588 01 Aug 2024 Common Stock 350 Direct F1, F2
transaction ODFL Phantom Stock (2014 grant) Options Exercise -480 -5.88% 7,688 01 Aug 2024 Common Stock 480 Direct F1, F2
transaction ODFL Phantom Stock (2013 grant) Options Exercise -708 -5.88% 11,328 01 Aug 2024 Common Stock 708 Direct F1, F2
transaction ODFL Phantom Stock (2012 grant) Options Exercise -824 -9.07% 8,258 01 Aug 2024 Common Stock 824 Direct F1, F3
transaction ODFL Phantom Stock (2011 grant) Options Exercise -338 -9.11% 3,372 01 Aug 2024 Common Stock 338 Direct F1, F3
transaction ODFL Phantom Stock (2010 grant) Options Exercise -550 -9.09% 5,498 01 Aug 2024 Common Stock 550 Direct F1, F4
transaction ODFL Phantom Stock (grants prior to 2010) Options Exercise -1,858 -9.1% 18,568 01 Aug 2024 Common Stock 1,858 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each share of phantom stock was the economic equivalent of one share of Old Dominion Freight Line, Inc. common stock. This Form 4 is being filed to report the settlement of certain outstanding phantom stock awards in shares of Old Dominion Freight Line, Inc. common stock on August 1, 2024.
F2 Adjusted to reflect a two-for-one stock split on March 28, 2024 and a three-for-two stock split on March 25, 2020.
F3 Adjusted to reflect a two-for-one stock split on March 28, 2024 and a three-for-two stock split on each of March 25, 2020 and September 10, 2012.
F4 Adjusted to reflect a two-for-one stock split on March 28, 2024 and a three-for-two stock split on each of March 25, 2020, September 10, 2012 and August 24, 2010.