Old Dominion Freight Line Management

Management criteria checks 1/4

Old Dominion Freight Line's CEO is Marty Freeman, appointed in Jul 2023, has a tenure of 1.33 years. total yearly compensation is $9.50M, comprised of 8.3% salary and 91.7% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth MX$290.65M. The average tenure of the management team and the board of directors is 1.3 years and 6.5 years respectively.

Key information

Marty Freeman

Chief executive officer

US$9.5m

Total compensation

CEO salary percentage	8.3%
CEO tenure	1.3yrs
CEO ownership	0.03%
Management average tenure	1.3yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Marty Freeman's remuneration changed compared to Old Dominion Freight Line's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$1b
Jun 30 2024	n/a	n/a	US$1b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$9m	US$784k	US$1b
Sep 30 2023	n/a	n/a	US$1b
Jun 30 2023	n/a	n/a	US$1b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$8m	US$604k	US$1b
Sep 30 2022	n/a	n/a	US$1b
Jun 30 2022	n/a	n/a	US$1b
Mar 31 2022	n/a	n/a	US$1b
Dec 31 2021	US$6m	US$583k	US$1b
Sep 30 2021	n/a	n/a	US$945m
Jun 30 2021	n/a	n/a	US$861m
Mar 31 2021	n/a	n/a	US$739m
Dec 31 2020	US$5m	US$577k	US$673m
Sep 30 2020	n/a	n/a	US$627m
Jun 30 2020	n/a	n/a	US$589m
Mar 31 2020	n/a	n/a	US$615m
Dec 31 2019	US$4m	US$546k	US$616m
Sep 30 2019	n/a	n/a	US$631m
Jun 30 2019	n/a	n/a	US$640m
Mar 31 2019	n/a	n/a	US$630m
Dec 31 2018	US$3m	US$342k	US$606m
Sep 30 2018	n/a	n/a	US$643m
Jun 30 2018	n/a	n/a	US$572m
Mar 31 2018	n/a	n/a	US$507m
Dec 31 2017	US$2m	US$280k	US$464m

Compensation vs Market: Marty's total compensation ($USD9.50M) is above average for companies of similar size in the MX market ($USD5.74M).

Compensation vs Earnings: Marty's compensation has increased by more than 20% in the past year.

CEO

Marty Freeman (65 yo)

1.3yrs

Tenure

US$9,496,611

Compensation

Mr. Kevin M. Freeman, also known as Marty, has been President and Chief Executive Officer of Old Dominion Freight Line, Inc. since July 01, 2023 and is its Director since 2024. Mr. Freeman served as Execut...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Congdon	Executive Chairman of the Board	26.5yrs	no data	3.57% MX$ 34.4b
Kevin Freeman	President	1.3yrs	US$9.50m	0.030% MX$ 290.7m
Adam Satterfield	Executive VP of Finance	8.8yrs	US$6.12m	0.032% MX$ 311.4m
Gregory Plemmons	Executive VP & COO	1.3yrs	US$5.38m	0.015% MX$ 145.1m
Ross Parr	Senior VP of Legal Affairs	12.5yrs	US$4.24m	0.019% MX$ 178.5m
Cecil Overbey	Senior Vice President of Strategic Development	13.8yrs	US$4.25m	0.022% MX$ 208.3m
Earl Congdon	Chairman Emeritus & Senior Advisor	no data	US$4.72m	1.4% MX$ 13.5b
Clayton Brinker	VP of Accounting & Finance and Principal Accounting Officer	less than a year	no data	0.000090% MX$ 866.8k
Jack Atkins	Director of Investor Relations	less than a year	no data	no data
Sam Faucette	Vice President of Safety & Compliance	no data	no data	no data
Steven Hartsell	Senior Vice President of Sales	1.3yrs	no data	0.0046% MX$ 44.3m
Christopher Brooks	Senior Vice President of Human Resources & Safety	6.8yrs	no data	0.017% MX$ 166.8m

1.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: ODFL *'s management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Congdon	Executive Chairman of the Board	26.5yrs	no data	3.57% MX$ 34.4b
Kevin Freeman	President	less than a year	US$9.50m	0.030% MX$ 290.7m
Earl Congdon	Chairman Emeritus & Senior Advisor	3.8yrs	US$4.72m	1.4% MX$ 13.5b
Leo Suggs	Lead Independent Director	15.5yrs	US$284.20k	0.0035% MX$ 33.3m
John Congdon	Director	26.8yrs	US$235.30k	4.45% MX$ 42.9b
John Kasarda	Independent Director	16.8yrs	US$251.80k	0.0067% MX$ 64.6m
Greg Gantt	Director	6.5yrs	US$11.80m	0.047% MX$ 456.2m
Bradley Gabosch	Independent Director	8.5yrs	US$237.70k	0.0063% MX$ 60.4m
Sherry Aaholm	Independent Director	6.5yrs	US$249.88k	0.0051% MX$ 48.9m
Andrew Davis	Independent Director	1.5yrs	US$197.09k	0.00082% MX$ 7.9m
Wendy Stallings	Independent Director	4.5yrs	US$246.97k	0.0028% MX$ 26.8m
Thomas Stith	Independent Director	3.5yrs	US$235.30k	0.0014% MX$ 13.2m

6.5yrs

Average Tenure

67yo

Average Age

Experienced Board: ODFL *'s board of directors are considered experienced (6.5 years average tenure).

Old Dominion Freight Line Management

Management criteria checks 1/4

Key information

Recent management updates

Executive Chairman of the Board recently sold Mex$275m worth of stock

Director recently sold Mex$28m worth of stock

Executive Chairman of the Board recently sold Mex$117m worth of stock

Director recently sold Mex$94m worth of stock

Old Dominion Freight Line, Inc., Annual General Meeting, May 15, 2024

Executive Chairman of the Board recently sold Mex$257m worth of stock

Recent updates

Third quarter dividend of US$0.26 announced

Executive Chairman of the Board recently sold Mex$275m worth of stock

Director recently sold Mex$28m worth of stock

Third quarter 2024 earnings released: EPS: US$1.44 (vs US$1.55 in 3Q 2023)

Second quarter dividend of US$0.26 announced

Old Dominion Freight Line, Inc. to Report Q3, 2024 Results on Oct 23, 2024

Executive Chairman of the Board recently sold Mex$117m worth of stock

Upcoming dividend of US$0.26 per share

Director recently sold Mex$94m worth of stock

Second quarter 2024 earnings released: EPS: US$1.49 (vs US$1.34 in 2Q 2023)

First quarter dividend of US$0.26 announced

Old Dominion Freight Line, Inc. Declares Quarterly Cash Dividend, Payable on September 18, 2024

Old Dominion Freight Line, Inc.(NasdaqGS:ODFL) dropped from Russell 3000E Value Index

Old Dominion Freight Line, Inc. to Report Q2, 2024 Results on Jul 24, 2024

First quarter dividend of US$0.26 announced

Old Dominion Freight Line, Inc. Declares Quarterly Cash Dividend, Payable on June 19, 2024

Investor sentiment deteriorates as stock falls 18%

First quarter 2024 earnings released: EPS: US$1.34 (vs US$1.30 in 1Q 2023)

Old Dominion Freight Line, Inc., Annual General Meeting, May 15, 2024

Old Dominion Freight Line, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Investor sentiment improves as stock rises 97%

Executive Chairman of the Board recently sold Mex$257m worth of stock

Upcoming dividend of US$0.52 per share

Fourth quarter dividend of US$0.52 announced

Full year 2023 earnings released: EPS: US$11.33 (vs US$12.26 in FY 2022)

Old Dominion Freight Line, Inc. Declares First-Quarter Dividend, Payable on March 20, 2024

Upcoming dividend of US$0.40 per share at 0.4% yield

Executive Chairman of the Board recently sold Mex$266m worth of stock

Third quarter 2023 earnings released: EPS: US$3.11 (vs US$3.38 in 3Q 2022)

Old Dominion Freight Line, Inc. Announces Quarterly Cash Dividend, Payable on December 20, 2023

Old Dominion Freight Line, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.40 per share at 0.4% yield

Independent Director recently sold Mex$1.6m worth of stock

Old Dominion Freight Line, Inc. (NasdaqGS:ODFL) announces an Equity Buyback for $3,000 million worth of its shares.

Second quarter 2023 earnings released: EPS: US$2.67 (vs US$3.33 in 2Q 2022)

Old Dominion Freight Line, Inc. Declares Quarterly Cash Dividend, Payable on September 20, 2023

Old Dominion Freight Line, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$0.40 per share at 0.5% yield

Old Dominion Freight Line, Inc. Announces the Re-Designation of Adam N. Satterfield from Senior Vice President – Finance, Chief Financial Officer and Assistant Secretary to Executive Vice President – Finance, Chief Financial Officer and Assistant Secretary, Effective July 1, 2023

First quarter 2023 earnings released: EPS: US$2.59 (vs US$2.62 in 1Q 2022)

Senior Vice President of Operations recently sold Mex$7.7m worth of stock

Upcoming dividend of US$0.40 per share at 0.5% yield

Independent Director recently sold Mex$18m worth of stock

Investor sentiment improves as stock rises 20%

Full year 2022 earnings released: EPS: US$12.26 (vs US$8.94 in FY 2021)

Old Dominion Freight Line, Inc. Declares Quarterly Cash Dividend, Payable on March 15, 2023

Old Dominion Freight Line, Inc. Announces Executive Changes

Old Dominion Freight Line, Inc. to Report Q4, 2022 Results on Feb 01, 2023

D. Michael Wray Notifies Old Dominion Freight Line, Inc. of His Decision to Retire from the Board of Directors

Third quarter 2022 earnings released: EPS: US$3.38 (vs US$2.48 in 3Q 2021)

Old Dominion Freight Line, Inc. Declares Quarterly Cash Dividend, Payable on December 21, 2022

Old Dominion Freight Line, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.30 per share

Executive Chairman of the Board recently sold Mex$215m worth of stock

Second quarter 2022 earnings released: EPS: US$3.33 (vs US$2.33 in 2Q 2021)

Old Dominion Freight Line, Inc. Announces Quarterly Cash Dividend, Payable on September 21, 2022

Old Dominion Freight Line, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Old Dominion Freight Line, Inc.(NasdaqGS:ODFL) dropped from Russell 1000 Value-Defensive Index

Old Dominion Freight Line Declares Quarterly Cash Dividend, Payable on June 15, 2022

First quarter 2022 earnings released: EPS: US$2.62 (vs US$1.71 in 1Q 2021)

Old Dominion Freight Line, Inc., Annual General Meeting, May 18, 2022

Old Dominion Freight Line, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Old Dominion Freight Line Adds Capacity with Seven New or Expanded Facilities in Service Center Network

Upcoming dividend of US$0.30 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Old Dominion Freight Line, Inc. Declares First-Quarter Dividend, Payable on March 16, 2022

Executive Chairman of the Board recently sold Mex$312m worth of stock

Upcoming dividend of US$0.20 per share

High number of new directors