Earl Congdon Reports Insider Sale of 22,350 ODFL Shares
Rhea-AI Filing Summary
Earl E. Congdon, identified as Chair Emeritus & Senior Advisor at Old Dominion Freight Line, Inc. (ODFL), reported a non-derivative transaction on 08/25/2025. The filing shows a disposition of 22,350 shares of Common Stock (Transaction Code G) at a reported price of $0. Following the reported transaction, the Form 4 lists total beneficial ownership positions across several accounts: 2,187,113 shares held indirectly by the Earl E. Congdon Trust - 1990; 1,867,428 shares held indirectly by the Earl E. Congdon GRAT Remainder Trust; 703,547 shares held indirectly by the wife as trustee of the Kathryn W. Congdon Trust - 1990; and 68,537 shares held indirectly by a 401(k) plan. The form is signed by Earl E. Congdon on 08/26/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider disclosure of a small disposition relative to large aggregate holdings; no new material corporate governance issues disclosed.
The Form 4 documents a single non-derivative disposition of 22,350 shares by Earl E. Congdon on 08/25/2025 coded as G and reported at a price of $0. The filing also details aggregate indirect holdings across multiple trusts and a 401(k), totaling several million shares by category. This submission appears to be a routine Section 16 reporting event that updates public records of beneficial ownership. The filing contains no information about the reason for the disposition beyond the transaction code and does not report any derivative transactions or changes to governance roles.
TL;DR: Transaction is a small disposition versus reported indirect holdings; likely immaterial to ownership control or valuation.
The report shows the reporter's aggregate indirect positions across trusts and a 401(k), with the largest single reported indirect holding being 2,187,113 shares by the Earl E. Congdon Trust - 1990. The disposed amount of 22,350 shares represents a small fraction of the reported aggregate positions. No option exercises, grants, or derivative positions are disclosed in this filing. Based solely on the disclosed quantities, the transaction does not indicate a material change in control or a change in board-level ownership concentration.