ODFL Form 4: Director Converts Phantom Stock to 1,538 Shares, Sells 636 at $150.97
Old Dominion Freight Line director Greg C. Gantt reported the settlement of outstanding phantom stock awards into 1,538 shares of common stock on September 1, 2025.
Rhea-AI Filing Summary
Old Dominion Freight Line director Greg C. Gantt reported the settlement of outstanding phantom stock awards into 1,538 shares of common stock on September 1, 2025. The Form 4 shows three non-derivative acquisitions of 350, 480 and 708 shares (codes M) reflecting the conversion of phantom stock grants, and a separate sale of 636 shares at $150.97. After these transactions Mr. Gantt beneficially owned 120,614 shares directly, plus 268 shares indirectly through a spouse 401(k) plan. The filing notes the share amounts were adjusted for prior stock splits.
Positive
- Conversion of phantom awards into 1,538 shares increases the director's direct ownership
- Direct beneficial ownership reported at 120,614 shares, showing continued significant insider stake
Negative
- Disposition of 636 shares at $150.97 reduced the director's immediate shareholdings by that amount
Insights
TL;DR: Director converted phantom stock into 1,538 shares and sold 636 shares; ownership remains substantive at ~120,600 shares.
The filing documents routine executive compensation settlement activity rather than open-market purchases. The conversion of phantom stock into shares is an administrative compensation event that increases the director's direct share count by 1,538 shares while a contemporaneous sale of 636 shares generated cash at $150.97 per share. The report discloses an indirect holding of 268 shares via a spouse 401(k) plan. No new derivative grants or unusual vesting terms are disclosed beyond settlement; this is typical post-vesting settlement reporting.
TL;DR: Transaction appears administratively material to insider holdings but not materially market-moving.
The disclosure shows the net effect on the director's stake: the direct beneficial ownership rises to 120,614 shares after converting phantom awards, with a reported sale of 636 shares at $150.97. These are scheduled compensation settlements (codes M) and a routine disposition (code F). There is no indication of a large, unexpected purchase or sale relative to outstanding float and no explicit trading plan referenced on the form. Impact for investors is informational regarding insider share composition.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Stock (2015 grant) | 350 | $0.00 | $0.00 |
| Exercise | Phantom Stock (2014 grant) | 480 | $0.00 | $0.00 |
| Exercise | Phantom Stock (2013 grant) | 708 | $0.00 | $0.00 |
| Exercise | Common Stock | 350 | $0.00 | $0.00 |
| Exercise | Common Stock | 480 | $0.00 | $0.00 |
| Exercise | Common Stock | 708 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 636 | $150.97 | $96K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Each share of phantom stock was the economic equivalent of one share of Old Dominion Freight Line, Inc. common stock. This Form 4 is being filed to report the settlement of certain outstanding phantom stock awards in shares of Old Dominion Freight Line, Inc. common stock on September 1, 2025.
- F2. Adjusted to reflect a two-for-one stock split on March 28, 2024 and a three-for-two stock split on March 25, 2020.
FAQ
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What did ODFL director Greg C. Gantt report on Form 4?
Were these transactions purchases, sales, or award settlements?
What price was reported for the sale on the Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.
