Old Dominion Freight Line (ODFL) chair gifts 73,730 shares via trust
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD DOMINION FREIGHT LINE, INC. Executive Chairman David S. Congdon reported updated indirect holdings of the company’s common stock through multiple family and retirement-related accounts. The key new event is a bona fide gift of 73,730 shares made on May 19, 2026 by the David S. Congdon Revocable Trust Dated 12/3/91.
After this gift, that revocable trust still holds 606,299 shares of common stock indirectly. The filing also lists additional indirect holdings in various family trusts, a 401(k) plan, and other estate-planning vehicles with specified share amounts. A footnote notes that one reported amount includes receipt of an aggregate of 192 shares as gifts since the prior Form 4. The gift transaction is not an open-market sale and does not reflect cash proceeds.
Positive
- None.
Negative
- None.
Insider Trade Summary
73,730 shares gifted
Mixed
15 txns
Insider
CONGDON DAVID S
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 73,730 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 606,299 shares (Indirect, By David S. Congdon Revocable Trust Dated 12/3/91)
Footnotes (1)
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Key Figures
Gifted shares: 73,730 shares
Revocable trust holdings after gift: 606,299 shares
GRAT remainder trust holdings: 1,867,428 shares
+4 more
7 metrics
Gifted shares
73,730 shares
Bona fide gift on May 19, 2026 by revocable trust
Revocable trust holdings after gift
606,299 shares
Indirect holdings by David S. Congdon Revocable Trust Dated 12/3/91
GRAT remainder trust holdings
1,867,428 shares
As co-trustee of the Earl E. Congdon GRAT Remainder Trust
Spousal trust holdings
1,068,636 shares
By wife as trustee of David S. Congdon Irrevocable Trust No. 2
Family 2011 trust holdings
977,244 shares
As co-trustee of the Earl and Kathryn Congdon Family Irrevocable Trust - 2011
GRAT 2025 holdings
481,425 shares
The David S. Congdon 2025 GRAT
Footnote gift receipts
192 shares
Aggregate shares received as gifts since last Form 4
Key Terms
bona fide gift, Revocable Trust, GRAT, 401(k) plan, +1 more
5 terms
bona fide gift financial
"The transaction code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Revocable Trust financial
"By David S. Congdon Revocable Trust Dated 12/3/91"
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 co-trustee of the Earl E. Congdon GRAT Remainder Trust"
401(k) plan financial
"Indirect ownership listed as By 401(k) plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
indirect ownership financial
"ownership_type is indirect with ownership_code I for these holdings"
FAQ
What insider activity did Old Dominion Freight Line (ODFL) report for David S. Congdon?
Executive Chairman David S. Congdon reported a bona fide gift of 73,730 shares of Old Dominion Freight Line common stock by his revocable trust. The filing also updates numerous indirect holdings across family trusts, a 401(k) plan, and related estate-planning entities with specific share balances.
What other indirect ODFL holdings are reported for David S. Congdon?
Indirect holdings include shares in a 401(k) plan, several 2020 family trusts, a Yowell Family 2020 GST Trust, multiple Audrey Congdon irrevocable trusts, Congdon family trusts from 1998 and 2011, a GRAT remainder trust, and a 2025 GRAT, each with its own reported share balance.