Old Dominion (ODFL) SVP Cecil E. Overbey Jr. Sells Shares

What Happened

• Cecil E. Overbey Jr., Senior Vice President — Strategic Development at Old Dominion Freight Line (ODFL), sold 19,952 shares in an open-market disposal on August 25, 2026. The weighted average sale price was $198.39 per share, for gross proceeds of approximately $3,958,277. This was a sale (S), which is a disposition of shares rather than a purchase.

Key Details

• Transaction date: 2026-08-25; filing date (Form 4): 2026-08-26 (timely filing).
• Price: weighted average $198.39; individual trades ranged from $198.31 to $198.68 per share (see footnote F1).
• Shares sold: 19,952; total proceeds ≈ $3,958,277.
• Shares owned after the transaction: Not specified in the provided filing details.
• Footnote: F1 notes the reported price is a weighted average and the shares were sold in multiple transactions across the $198.31–$198.68 range; the reporting person can provide per-trade breakdown on request.
• Transaction code: S = Sale (no 10b5-1 plan, tax withholding, or exercise noted in the provided data).

Context

• Sales by insiders can be routine (taxes, diversification, liquidity) and do not by themselves indicate a change in company outlook. Purchases are typically more direct signals of insider confidence; this filing documents a disposal only. If you want the insider’s remaining ownership or a per-trade breakdown, that information can be requested from the filer or found in the full Form 4 filing.