Old Dominion Freight (NASDAQ: ODFL) insider trust reports 7,370-share stock gift
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLD DOMINION FREIGHT LINE, INC. chair emeritus and senior advisor Earl E. Congdon reported indirect holdings and a charitable-style transfer of company stock. On May 18, 2026, a trust associated with him made a bona fide gift of 7,370 shares of common stock, recorded at a price of $0.00 per share. After this gift, the Earl E. Congdon Trust - 1990 held 2,151,847 shares of common stock indirectly. Additional indirect positions reported include 58,710 shares held through a 401(k) plan, 1,867,428 shares held by an Earl E. Congdon GRAT Remainder Trust, and 700,651 shares held by the Kathryn W. Congdon Trust - 1990. The filing reflects a non-market transfer rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,370 shares gifted
Mixed
4 txns
Insider
CONGDON EARL E
Role
Chair Emeritus & Sr. Advisor
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 7,370 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,151,847 shares (Indirect, By Earl E. Congdon Trust - 1990)
Footnotes (1)
Key Figures
Gifted shares: 7,370 shares
Gift price per share: $0.00 per share
Trust holdings after gift: 2,151,847 shares
+4 more
7 metrics
Gifted shares
7,370 shares
Bona fide gift of common stock on May 18, 2026
Gift price per share
$0.00 per share
Reported value for bona fide gift transaction
Trust holdings after gift
2,151,847 shares
Total common shares held by Earl E. Congdon Trust - 1990 after gift
401(k) plan holdings
58,710 shares
Common stock held indirectly via 401(k) plan
GRAT trust holdings
1,867,428 shares
Common stock held by Earl E. Congdon GRAT Remainder Trust
Kathryn W. Congdon Trust holdings
700,651 shares
Common stock held by the Kathryn W. Congdon Trust - 1990
Gift transactions count
1 transaction
Single bona fide gift in transaction summary
Key Terms
bona fide gift, GRAT Remainder Trust, 401(k) plan, indirect ownership, +1 more
5 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift" for the 7,370-share transfer"
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.
GRAT Remainder Trust financial
"nature_of_ownership: "By Earl E. Congdon GRAT Remainder Trust""
401(k) plan financial
"nature_of_ownership: "By 401(k) plan" for indirect holdings"
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: "indirect" and ownership_code: "I" for all entries"
non-derivative financial
"transaction_type: "non-derivative" for the gifted common stock"
FAQ
What insider transaction did ODFL’s Earl E. Congdon report on this Form 4?
Earl E. Congdon reported a bona fide gift of 7,370 shares of Old Dominion Freight Line common stock by the Earl E. Congdon Trust - 1990. The shares were transferred at $0.00 per share, indicating a non-market, no‑consideration disposition rather than an open‑market sale.
Were there any open-market buys or sells in this ODFL Form 4 filing?
No open-market purchases or sales were reported. The filing shows a bona fide gift of 7,370 shares and several holding entries, with transaction codes and summary data indicating no buy or sell transactions took place in the market during the reported period.
What indirect ODFL holdings did Earl E. Congdon report through retirement and trust accounts?
The filing lists 58,710 shares held via a 401(k) plan, 1,867,428 shares held by an Earl E. Congdon GRAT Remainder Trust, and 700,651 shares held by the Kathryn W. Congdon Trust - 1990, all reported as indirect ownership of Old Dominion Freight Line common stock.