Overbey Cecil E. Jr. 4

What Happened Cecil E. Overbey Jr., Senior Vice President — Strategic Development at Old Dominion Freight Line (ODFL), reported shares disposed to satisfy tax obligations tied to option exercises. On 2026-02-07 he surrendered/withheld 273 shares at $202.47 each for $55,274; on 2026-02-08 he surrendered/withheld 303 shares at $202.47 each for $61,348. Combined, 576 shares were used to cover taxes or exercise costs, totaling roughly $116,622.

Key Details

• Transaction dates and amounts:
  • 2026-02-07: 273 shares @ $202.47 = $55,274 (code F — payment of exercise price/tax withholding)
  • 2026-02-08: 303 shares @ $202.47 = $61,348 (code F)
• Filing: Form 4 filed with accession 0001977249-26-000004 on 2026-02-10 reporting these transactions.
• Shares owned after transaction: not disclosed in the provided excerpt of the filing.
• Notable footnote: Transaction code "F" indicates shares were surrendered/withheld to satisfy tax withholding or exercise-price payment (commonly a "sell-to-cover" or cashless aspect of an option exercise).

Context These entries reflect tax-withholding/option-exercise mechanics rather than an open-market sale for investment purposes. Such disposals are routine when executives exercise stock options and use some shares to pay taxes or the exercise price; they do not necessarily signal a change in the insider’s view of the company.