Satterfield Adam N 4

What Happened
Adam N. Satterfield, EVP and Chief Financial Officer of Old Dominion Freight Line (ODFL), was granted 4,098 shares on Feb 11, 2026 (reported as an award/acquisition). On Feb 12, 2026, 501 of those shares were surrendered/disposed to satisfy a tax liability at a reported valuation of $185.51 per share, totaling $92,941. Net shares retained from this award = 4,098 – 501 = 3,597 shares. The award is a compensation-related acquisition (not an open‑market purchase); the share surrender was routine tax withholding.

Key Details

• Transactions: Award of 4,098 shares (Code A) on 2026-02-11; 501 shares withheld/disposed for tax payment (Code F) on 2026-02-12.
• Withholding price/value: $185.51 per share; 501 × $185.51 = $92,941 reported.
• Acquisition price: award reported at $0.00 (typical for stock grants).
• Shares owned after transaction: not specified in the provided filing details.
• Filing date: Form 4 filed 2026-02-13 for transactions on Feb 11–12 — appears to be timely; no late-file flag provided.
• Footnotes/plan: the provided details show a tax-withholding (F) event; no 10b5-1 plan or other special footnotes were indicated in the summary provided.

Context
This was a compensation grant (likely restricted stock or RSUs) with a portion of the award surrendered to cover taxes — a common, routine practice that does not reflect an open-market buy or sell decision. The net effect is an increase in Satterfield’s holdings by 3,597 shares following the award and withholding.