Sundar PichaiSundar Pichai earned $164M in 2023
O

David S. Congdon

Ex-CEO of Old Dominion Freight Line

Education

Not specified

Field of Expertise

Transportation & Logistics - Transportation

Born

January 1, 1957 - 68 years ago

Economy Sector

Industrials

Tenure

7 years 3 months (Jan 2008 - Apr 2015)

Previous Experience

President and Chief Operating Officer from May 1997 to December 2007

David S. Congdon is the Executive Chairman of Old Dominion Freight Line, a major transportation company in the U.S. Born on October 2, 1956, he has over 38 years of experience with the company, having started in operations in 1978....

Year

2018

Total Compensation

$9.66M

Salary

$630.19K

Board Justification

The compensation philosophy emphasizes alignment with company performance, competitive pay practices, and retention strategies.

Bonus

$8.48M

Board Justification

Cash incentives earned under the Performance Incentive Plan (PIP) based on pre-tax income for the fiscal year 2018.

Other

$107.24K

Board Justification

Includes personal use of corporate aircraft, life insurance premiums, health benefits, corporate automobile benefits, and contributions to the 401(k) plan.

Restricted Stock

$439.37K(3.22K RSAs)

Board Justification

Restricted Stock Awards (RSAs) granted under the 2016 Plan that vested in 2018.

Performance Metrics

The performance metrics for the bonus compensation were based on the company's pre-tax income exceeding 2% of revenue.