Old Dominion (ODFL) Insider Gift: Congdon Disposes 2,420 Shares Twice
Rhea-AI Filing Summary
Earl E. Congdon, identified as Chair Emeritus & Sr. Advisor of Old Dominion Freight Line, Inc. (ODFL), reported transactions dated 08/21/2025 on a Form 4 filed 08/25/2025. The filing shows two G code transactions disposing of 2,420 shares each at a price of $0 (indicating gifts). The report lists post-transaction beneficial ownership positions attributed to several accounts: 2,209,463 shares for the Earl E. Congdon Trust - 1990; 703,547 shares held by wife as trustee of the Kathryn W. Congdon Trust - 1990; 1,867,428 shares held by the Earl E. Congdon GRAT Remainder Trust; and 68,537 shares held via a 401(k) plan.
Positive
- None.
Negative
- None.
Insights
TL;DR: Reported gifts of ODFL shares by a long-standing insider; disclosure is routine and non-market-moving.
The Form 4 shows two transactions on 08/21/2025 coded "G," which denotes gifts, disposing of 2,420 shares in each reported line at a reported price of $0. The filing itemizes substantial beneficial ownership across multiple trusts and a 401(k) account, indicating concentrated insider ownership retained in family/trust structures. From a governance perspective, the filing is a routine insider disclosure meeting Section 16 requirements; the transactions do not indicate sales for cash or changes in control and therefore appear immaterial to the company’s operating outlook.
TL;DR: Minor insider gift transactions reported; aggregate insider holdings remain large and unchanged in nature.
The reported disposals are gifts (transaction code G) of small share amounts (2,420 shares each) and are recorded at $0 price, consistent with non-sale transfers. The document provides precise post-transaction share counts by account, showing continued substantial beneficial ownership by the reporting person and related trusts, which could be relevant for shareholder voting concentration but not for immediate liquidity or earnings impact. No derivative transactions or exercised options are reported.