Greg C. Gantt - Aug 1, 2024 Form 4 Insider Report for OLD DOMINION FREIGHT LINE, INC. (ODFL)

Role
Director
Signature
/s/ Greg C. Gantt
Stock symbol
ODFL
Transactions as of
Aug 1, 2024
Transactions value $
-$446,633
Form type
4
Date filed
8/2/2024, 04:09 PM
Previous filing
Jul 31, 2024
Next filing
Sep 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ODFL Common Stock Options Exercise +350 +0.36% 96.3K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Options Exercise +480 +0.5% 96.8K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Options Exercise +708 +0.73% 97.5K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Options Exercise +824 +0.85% 98.3K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Options Exercise +338 +0.34% 98.6K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Options Exercise +550 +0.56% 99.2K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Options Exercise +1.86K +1.87% 101K Aug 1, 2024 Direct F1
transaction ODFL Common Stock Tax liability -$447K -2.13K -2.1% $210.18 98.9K Aug 1, 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% 5.59K Aug 1, 2024 Common Stock 350 Direct F1, F2
transaction ODFL Phantom Stock (2014 grant) Options Exercise -480 -5.88% 7.69K Aug 1, 2024 Common Stock 480 Direct F1, F2
transaction ODFL Phantom Stock (2013 grant) Options Exercise -708 -5.88% 11.3K Aug 1, 2024 Common Stock 708 Direct F1, F2
transaction ODFL Phantom Stock (2012 grant) Options Exercise -824 -9.07% 8.26K Aug 1, 2024 Common Stock 824 Direct F1, F3
transaction ODFL Phantom Stock (2011 grant) Options Exercise -338 -9.11% 3.37K Aug 1, 2024 Common Stock 338 Direct F1, F3
transaction ODFL Phantom Stock (2010 grant) Options Exercise -550 -9.09% 5.5K Aug 1, 2024 Common Stock 550 Direct F1, F4
transaction ODFL Phantom Stock (grants prior to 2010) Options Exercise -1.86K -9.1% 18.6K Aug 1, 2024 Common Stock 1.86K 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.