CONGDON DAVID S 4

What Happened

• David S. Congdon, Executive Chairman and a director of Old Dominion Freight Line (ODFL), reported two gift transactions on Feb 25, 2026. The filing shows dispositions of 2,548 shares and 1,274 shares (total 3,822 shares) with $0 reported consideration—i.e., gifts rather than market sales. The filing lists no cash proceeds for these transfers.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 26, 2026 (appears timely).
• Transactions: two gift entries (SEC code G) for 2,548 shares and 1,274 shares; price/consideration reported as $0.
• Total shares involved: 3,822 shares; total reported value: $0.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.
• Notable footnote: the filing states the 1,274-share entry “reflects receipt of a gift of 1,274 shares from the David S. Congdon Revocable Trust Dated 12/3/91” — the filing shows the transactions as gifts/dispositions but the footnote indicates a transfer from his revocable trust (possible bookkeeping/transfer detail).
• No 10b5-1 plan, tax withholding, or option exercise noted.

Context

• Gifts are transfers for estate planning, family transfers, or trust movements and do not necessarily signal insider confidence or lack thereof in the company’s prospects. Because consideration is $0, these entries reflect non‑market transfers rather than open‑market buying or selling.