Old Dominion chair sells 52,000, gifts 30,415
OLD DOMINION FREIGHT LINE, INC.
Rhea-AI Filing Summary
OLD DOMINION FREIGHT LINE, INC. Executive Chairman David S. Congdon reported indirect transactions in the company’s common stock through family-related trusts. On February 19, 2026, his revocable trust sold 42,000 shares at an average price of $194.67 and 10,000 shares at $195.17 in open-market transactions.
On February 23, 2026, the same revocable trust made a bona fide gift of 30,415 shares at no stated consideration, leaving 682,385 shares held by that trust after the gift. He also reports additional indirect holdings in multiple family trusts and a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 52,000 shares
Net Sell
17 txns
Insider
CONGDON DAVID S
Role
Executive Chairman
Sold
52,000 shs ($10.13M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 30,415 | $0.00 | $0.00 |
| Sale | Common Stock | 42,000 | $194.67 | $8.18M |
| Sale | Common Stock | 10,000 | $195.17 | $1.95M |
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Holdings After Transaction:
Common Stock — 682,385 shares (Indirect, By David S. Congdon Revocable Trust Dated 12/3/91);
Common Stock — 481,425 shares (Indirect, The David S. Congdon 2025 GRAT);
Common Stock — 297,250 shares (Indirect, By wife as trustee of Helen S. Congdon Revocable Inter Vivos Trust dated 4/24/12);
Common Stock — 1,867,428 shares (Indirect, As co-trustee of Earl E. Congdon GRAT Remainder Trust);
Common Stock — 949,214 shares (Indirect, As co-trustee of the 1998 Earl E. Congdon Family Trust);
Common Stock — 977,244 shares (Indirect, As co-trustee of the Earl and Kathryn Congdon Family Irrevocable Trust - 2011);
Common Stock — 295,670 shares (Indirect, As trustee of the Audrey Congdon Irrevocable Trust #1 FBO Megan Oglesby);
Common Stock — 243,545 shares (Indirect, As trustee of the Audrey Congdon Irrevocable Trust #2 FBO Megan Oglesby);
Common Stock — 1,068,636 shares (Indirect, By wife as trustee of David S. Congdon Irrevocable Trust No. 2 dated 11/18/99);
Common Stock — 515,870 shares (Indirect, As trustee of Audrey Congdon Irrevocable Trust No. 2 FBO Seth Yowell);
Common Stock — 199,650 shares (Indirect, As trustee of Yowell Family 2020 GST Trust);
Common Stock — 2,044 shares (Indirect, As trustee of J. Benjamin Yowell 2020 Trust);
Common Stock — 2,044 shares (Indirect, As trustee of Clay Yowell 2020 Trust);
Common Stock — 2,044 shares (Indirect, As trustee of Andrew Yowell 2020 Trust);
Common Stock — 178,031 shares (Indirect, By 401(k) plan)
Footnotes (1)
- F1. The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.16 to $195.13, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ODFL Executive Chairman David S. Congdon report?
David S. Congdon reported indirect transactions in OLD DOMINION FREIGHT LINE common stock through a revocable trust, including open-market sales totaling 52,000 shares on February 19, 2026, and a bona fide gift of 30,415 shares on February 23, 2026, at zero consideration.
What bona fide gift of ODFL stock did David S. Congdon disclose?
On February 23, 2026, the David S. Congdon Revocable Trust made a bona fide gift of 30,415 OLD DOMINION FREIGHT LINE common shares at no stated price, classified as a gift transfer disposition under transaction code G in the insider Form 4 report.
Are the ODFL transactions direct or indirect holdings for David S. Congdon?
All reported OLD DOMINION FREIGHT LINE transactions are classified as indirect holdings. They are attributed to entities such as the David S. Congdon Revocable Trust and various family and benefit trusts, as well as a 401(k) plan, rather than direct personal ownership.
What does the Form 4 footnote say about the ODFL sale prices?
The footnote explains that the reported sale price is a weighted average. The OLD DOMINION FREIGHT LINE shares sold on February 19, 2026 were executed in multiple trades at prices ranging from $194.16 to $195.13, and detailed trade data is available upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
