Brooks Christopher T 4
Research Summary
AI-generated summary
Old Dominion (ODFL) SVP Christopher T. Brooks Withholds 570 Shares for Taxes
What Happened
- Christopher T. Brooks, Senior VP — Human Resources & Safety at Old Dominion Freight Line (ODFL), had a total of 570 shares withheld to satisfy tax liabilities tied to option exercises. The transactions were 268 shares at $202.47 ($54,262) and 302 shares at $202.47 ($61,146), totaling roughly $115,408.
- This was a tax-withholding/disposition of shares (routine), not a voluntary open-market sale or new purchase.
Key Details
- Transaction dates and prices:
- 2026-02-07: 268 shares withheld at $202.47 each = $54,262 (code F)
- 2026-02-08: 302 shares withheld at $202.47 each = $61,146 (code F)
- Total shares withheld: 570; total value ≈ $115,408.
- Transaction code F indicates payment of exercise price or tax liability via share withholding (shares disposed to cover taxes).
- Shares owned after the transactions were not provided in the summary — see the full Form 4 for current holdings.
- Filing date: 2026-02-10; the report was submitted within the typical SEC Form 4 reporting window.
Context
- These transactions appear to be tax withholdings related to option exercises (a common, administrative step often called a cashless or net exercise). Such withholding is routine and does not necessarily signal the insider’s view on the company’s stock.
- For investors: purchases or open-market buys typically carry more informational weight than routine withholding; treat this filing as an administrative disposition rather than directional insider buying or selling.