Old Dominion management check
ODFL · Industrials · Cargo Ground Transportation · CEO Mr. Freeman
Filings as of
3 good · 3 to watch · 0 flagged, across the seven questions below.
- Good
Have owners done well?
Beat its chosen peers$100 invested at the start of fiscal 2021 grew to $165, against $149 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.28 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- n/a
What does the CEO cost owners?
Not enough dataNo pay or net income figure for the latest year.
- Watch
Do they own the stock?
Insiders are selling2 insiders sold $8.2m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.0% a year over the last three fiscal years. Stock-based pay was 0.2% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Mr. Gantt, Mr. Freeman. 6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Industrials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 63 | 55 | |
| Pay for performance | 64 | 86 | |
| CEO cost | — | — | 48 |
| Skin in the game | — | — | 55 |
| Dilution | 75 | 62 | |
| Stable leadership | 55 | 75 | |
| Clean books | 100 | 100 |
Closest peers
Others in Cargo Ground Transportation, by management score. Old Dominion is 30th of 81 in its sector.
- 154GDGeneral Dynamics72
- 163BRBroadridge Financial Solutions71
- 166ODFLOld Dominion71
- 170OTISOtis Worldwide71
- 175TTTrane Technologies71
- 182JBHTJ.B. Hunt70
Pay versus performance
From the proxy statement filed April 20, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Mr. Freeman | $11.6m | $10.6m | $5.2m | $165 | $149 | — |
| 2024 | — | $12.6m | $11.3m | $5.6m | $285 | $157 | — |
| 2023 | Mr. Gantt | $11.3m | $10.5m | $5.0m | $325 | $154 | — |
| 2022 | Mr. Gantt | $12.8m | $10.5m | $6.2m | $227 | $128 | — |
| 2021 | Mr. Gantt | $10.6m | $16.4m | $6.0m | $285 | $155 | — |
The board says pay is tied most to Pre-Tax Income. Its other key measures: Three-Year Relative TSR, Operating Ratio.
Insiders and the CEO's stake
2 insiders sold $8.2m in the last six months and none bought.
- SoldGreg C GanttDirector$4.2mMay 4, 2026
- SoldCecil E. Jr. OverbeySVP - Strategic Development$4.0mAug 25, 2026
Leadership and governance on file
- Sep 22, 2026Leadership change8-K 5.02
- Dec 9, 2025Leadership change8-K 5.02
- May 22, 2025Leadership change8-K 5.02
- Dec 18, 2024Leadership change8-K 5.02
- May 20, 2024Leadership change8-K 5.02
- Mar 19, 2024Leadership change8-K 5.02
- Jun 26, 2023Leadership change8-K 5.02
- May 18, 2023Leadership change8-K 5.02
- May 18, 2023Leadership change8-K/A 5.02
- May 18, 2023Leadership change8-K/A 5.02
- Mar 1, 2023Leadership change8-K 5.02
- Jan 31, 2023Leadership change8-K 5.02
Latest shareholder vote results: May 21, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $4.8bn returned to owners in buybacks and dividends, 82% of net income, and $66.2m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $5.3bn | $6.3bn | $5.9bn | $5.8bn | $5.5bn |
| Net income | $1.0bn | $1.4bn | $1.2bn | $1.2bn | $1.0bn |
| Stock-based pay | $15.0m | $15.9m | $11.1m | $11.3m | $12.9m |
| Buybacks | $536.5m | $1.3bn | $453.6m | $967.3m | $730.3m |
| Dividends | $92.4m | $134.5m | $175.1m | $223.6m | $235.6m |
| Diluted shares | 116m | 226m | 220m | 216m | 212m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.