ODFL (ODFL) director Congdon receives 859-share stock award and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD DOMINION FREIGHT LINE, INC. director John R. Congdon Jr. reported an acquisition of 859 shares of Common Stock coded as a grant or award at a stated price of $0.00 per share. After this award, his direct holdings increased to 2,683 shares.
He also reports indirect ownership of 100,000 shares as trustee of the John R. Congdon, Jr. 2025 GRAT and 3,892,898 shares as trustee of the John R. Congdon, Jr. Revocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
CONGDON JOHN R JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 859 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,683 shares (Direct, null);
Common Stock — 3,892,898 shares (Indirect, As trustee of the John R. Congdon, Jr. Revocable Trust)
Footnotes (1)
Key Figures
Stock grant: 859 shares
Grant price: $0.00 per share
Direct holdings after grant: 2,683 shares
+2 more
5 metrics
Stock grant
859 shares
Common Stock grant to director John R. Congdon Jr.
Grant price
$0.00 per share
Stated price for 859-share award
Direct holdings after grant
2,683 shares
Common Stock held directly after acquisition
2025 GRAT holdings
100,000 shares
Indirect ownership as trustee of 2025 GRAT
Revocable Trust holdings
3,892,898 shares
Indirect ownership as trustee of Revocable Trust
Key Terms
Grant, award, or other acquisition, Revocable Trust, GRAT
3 terms
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
Revocable Trust financial
"As trustee of the John R. Congdon, Jr. Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
GRAT financial
"As trustee of the John R. Congdon, Jr. 2025 GRAT"
FAQ
What insider transaction did ODFL director John R. Congdon Jr. report?
John R. Congdon Jr. reported receiving 859 shares of OLD DOMINION FREIGHT LINE Common Stock as a grant or award. The transaction carried a reported price of $0.00 per share and increased his directly held stake in the company.
What indirect ODFL holdings are reported for John R. Congdon Jr.?
He reports indirect ownership of 100,000 shares as trustee of the John R. Congdon, Jr. 2025 GRAT and 3,892,898 shares as trustee of the John R. Congdon, Jr. Revocable Trust. These positions are separate from his directly held shares.
Was the ODFL Form 4 transaction a market purchase or sale?
The Form 4 codes the transaction as a grant, award, or other acquisition, not an open-market trade. The 859 shares were acquired at a reported price of $0.00 per share, indicating a compensation- or award-type transaction rather than a market buy or sell.
Does the ODFL Form 4 indicate any stock option exercises or derivative trades?
The filing shows no derivative securities or option exercises. The derivative summary is empty, and the only transaction reported is a non-derivative acquisition of 859 Common Stock shares, classified as a grant or award to John R. Congdon Jr.