ODFL Insider David Congdon Updates Beneficial Ownership

TL;DR

**Insider David Congdon updated his ODFL holdings, signaling a change in his stake.**

AI Summary

David S. Congdon, a key insider at Old Dominion Freight Line, Inc. (ODFL), filed an Amendment No. 29 to his SC 13G/A on February 12, 2024, indicating his beneficial ownership of the company's common stock as of December 31, 2023. This filing, under Rule 13d-1(d), updates his previous disclosures, showing a change in his holdings. This matters to investors because insider ownership can signal confidence in the company's future, and changes in these holdings can influence market perception.

Why It Matters

Changes in insider ownership, like those reported by David S. Congdon, can signal management's confidence (or lack thereof) in the company's future prospects, potentially influencing investor sentiment and stock price.

Risk Assessment

Risk Level: low — This filing is a routine update of beneficial ownership by an insider and does not inherently indicate significant risk.

Analyst Insight

Investors should monitor subsequent filings by David S. Congdon to track any significant changes in his beneficial ownership, as large increases or decreases could provide further insight into his outlook on Old Dominion Freight Line, Inc.'s future performance.

Key Players & Entities

• David S. Congdon (person) — Reporting Person, insider at Old Dominion Freight Line, Inc.
• OLD DOMINION FREIGHT LINE, INC. (company) — The Issuer of the securities
• 01 Energy & Transportation (company) — Organization Name associated with the subject company
• $0.10 (dollar_amount) — Par value per share of Common Stock

FAQ

Key Financial Figures

• $0.10 — me of Issuer) Common Stock (par value $0.10 per share) (Title of Class of Securit

Filing Documents

• d684799dsc13ga.htm (SC 13G/A) — 38KB
• 0001193125-24-032243.txt ( ) — 39KB

From the Filing

SC 13G/A 1 d684799dsc13ga.htm SC 13G/A SC 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 29)* OLD DOMINION FREIGHT LINE, INC. (Name of Issuer) Common Stock (par value $0.10 per share) (Title of Class of Securities) 679580100 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of This Statement) Check the appropriate box to designate the rule pursuant to which this schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 679580100 Page 2 of 5 1. NAMES OF REPORTING PERSONS David S. Congdon 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5. SOLE VOTING POWER 2,057,562 (See Item 4) 6. SHARED VOTING POWER 3,781,262 (See Item 4) 7. SOLE DISPOSITIVE POWER 2,057,562 (See Item 4) 8. SHARED DISPOSITIVE POWER 3,781,262 (See Item 4) 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,838,824 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.4% 12. TYPE OF REPORTING PERSON IN (See Item 4) CUSIP No. 679580100 Page 3 of 5 Item1(a). Name of Issuer: Old Dominion Freight Line, Inc. Item1(b). Address of Issuers Principal Executive Offices: 500 Old Dominion Way Thomasville, NC 27360 Item2(a). Name of Person Filing: David S. Congdon Item2(b). Address of Principal Business Office or, if None, Residence: 500 Old Dominion Way Thomasville, NC 27360 Item2(c). Citizenship: USA Item2(d). Title of Class of Securities: Common Stock ($0.10 par value) Item2(e). CUSIP Number: 679580100 Item3. If this statement is filed pursuant to 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable. Item4. Ownership. (a) Amount beneficially owned: 5,838,824 shares (b) Percent of class: 5.4% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,057,562 shares (ii) Shared power to vote or to direct the vote: 3,781,262 shares (iii) Sole power to dispose or to direct the disposition of: 2,057,562 shares (iv) Shared power to dispose or to direct the disposition of: 3,781,262 shares CUSIP No. 679580100 Page 4 of 5 The securities reported herein include (i) 2,688 shares held directly by David S. Congdon; (ii) 87,644 shares held in Mr. Congdons 401(k) retirement plan; (iii) 1,969,022 shares held as trustee of various family trusts; (iv) 1,895,377 shares held through shared voting and investment rights as co-trustee of various family trusts; (v) 1,810,670 shares held through shared voting and investment rights with the shareholders spouse as trustee of various family trusts; and (vi) 75,215 shares beneficially owned by certain other family members through various trusts. The shares referenced in (i)(iii) in the preceding paragraph are reported herein as shares as to which Mr. Congdon has sole voting and dispositive power. The shares referenced in (iv) in the preceding paragraph are reported herein as shares as to which Mr. Congdon has shared voting and dispositive power. Although Mr. Congdons spouse serves as trustee of the trusts referenced in (v) in the preceding paragraph and, thereby, has sole voting and dispositive power with respect to such shares, these shares are reported herein as shares as to which Mr. Congdon has shared voting and dispositive power. Although certain of Mr. Congdons family members serve as trustee of the trusts referenced in (vi) in the preceding paragraph and, thereby, have sole voting and dispositive power over such shares, these shares are reported herein as shares as to which Mr. Congdon has shared voting and dispositive power. Item5. Ownership of Five Percent or Less of a Class. Not applicable. Item6. Ownership of More Than Five Percent on Behalf of Another Person. See information in Item 4 above. Item7. Identification and Classification of the Subsidiary Which Acquired the Security Being Repor