Greg C. Gantt served as the President and CEO of Old Dominion Freight Line from May 2018 to June 2023, continuing a journey that began when he joined the company in 1994. With nearly three decades of experience in the transportation industry, he rose through the ranks, holding key positions such as Senior Vice President for Operations and Executive Vice President. His leadership helped steer the company successfully through the COVID-19 pandemic and facilitate a smooth transition of leadership. In 2023, he retired but continues to serve on the board. During his career, he accumulated significant wealth tied to Old Dominion's stock, with impressive monthly insider trading activity peaking at over $18 million in early 2024. His compensation reflected his contributions, with total earnings reaching over $11 million in his last year. Greg Gantt's tenure saw a remarkable total shareholder return of about 30.5%, marking a strong performance during his leadership. His experience and strategic direction have left a lasting impact on the company and its future.

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Greg C. Gantt

CEO of Old Dominion Freight Line

Education

Not specified

Field of Expertise

Transportation & Logistics - Transportation

Sector of Economy

Industrials

Born

January 1, 1956 - 69 years ago

CEO of Old Dominion Freight Line for

7 years 1 month (May 2018 - Present)

Previous Experience

Executive Vice President and Chief Operating Officer from June 2011 to May 2015

Rivals

Competitors/colleagues of Greg C. Gantt

Frederick J. Holzgrefe, III

CEO of Saia

2023 Compensation

Stock

$0.00

Salary

$910.00K

Bonus

$0.00

Other

$160.69K

Total Holdings

$8.66M

Mark Rourke

CEO of Schneider National

2023 Compensation

Stock

$1.57M

Salary

$941.67K

Bonus

$1.30M

Other

$149.06K

Total Holdings

$7.63M

Phillip D. Yeager

CEO of HUB Group

2023 Compensation

Stock

$703.05K

Salary

$750.00K

Bonus

$0.00

Other

$64.64K

Total Holdings

$25.31M

Judy R. McReynolds

CEO of ArcBest

2023 Compensation

Stock

$2.07M

Salary

$900.00K

Bonus

$1.61M

Other

$66.69K

Total Holdings

$8.55M

Holdings

See how much did Greg C. Gantt make over time.

Throughout his time as CEO, Greg Gantt's holdings in Old Dominion Freight Line saw significant fluctuations, highlighting his confidence in the company's future. By January 2024, the value of his trades reached an impressive peak of $14.20 million, suggesting a solid growth in his portfolio and reinforced by performance-based stock vesting over the years. From 2019 to 2022, his trading activity remained strong, often exceeding $10 million per month, demonstrating not only his belief in his actions but also the potential of Old Dominion in the competitive transport market. In his final month as CEO, the company's stock trading values showcased the market's strong confidence in his leadership, clearly reflecting a healthy and well-managed operational performance, enough to yield significant rewards for Gantt's holdings.

Total Stock Sold

$6.44M

ODFL

$6.44M

32,000 ODFL shares

What if they kept their stock?

If Greg C. Gantt didn't sell their stock, today they would have:
Extra ODFL32,000 shares worth $2.66M.
This is -58.8% and $3.79M less than what they got when they sold the stock.

Charitable Transactions

ODFL

1,354 shares

ODFL

Recent Charitable Transactions

ODFL

1,354 shares

ODFL

May 7, 2024

Charity

Insider Trading

See recent insider trades of Greg C. Gantt.

ODFL

$1.40M

ODFL at $200.07/share

Oct 28, 2024

Sale

ODFL

$5.06M

ODFL at $202.59/share

Jul 29, 2024

Sale

ODFL

795 shares

ODFL

May 15, 2024

Received

ODFL

1,354 shares

ODFL

May 7, 2024

Charity

ODFL

449 shares

ODFL

Jul 3, 2023

Received

ODFL

3,109 shares

ODFL

Feb 8, 2023

Received

ODFL

5,508 shares

ODFL

Jan 25, 2023

Received

ODFL

2,754 shares

ODFL

Feb 9, 2022

Received

ODFL

7,667 shares

ODFL

Jan 26, 2022

Received

ODFL

3,833 shares

ODFL

Feb 11, 2021

Received

Compensation History

See how much did Greg C. Gantt make over time.

In 2023, Greg Gantt's compensation totaled nearly $11.3 million. This included a salary of around $500,000, a bonus based on company performance metrics, and significant vested stock awards valued at over $5.7 million. His bonus was linked directly to pre-tax income growth, a clear indication of how his leadership was aligned with the company's success. This performance-driven philosophy meant that a large share of his earnings was contingent on achieving key business targets. Moreover, throughout his tenure, he witnessed fluctuations in his overall compensation, which reached as high as nearly $122 million in 2022. Gantt's financial achievements offer insights into how closely tied executive rewards are to company performance under his guidance.

Year

2023

Total Compensation

$9.74M

Salary

$499.77K

Board Justification

The compensation philosophy aligns executive pay with company performance, focusing on long-term shareholder value and operational excellence.

Bonus

$4.66M

Board Justification

The bonus is based on the company's performance metrics, specifically tied to pre-tax income growth, and is paid out as part of the non-equity incentive plan compensation for the fiscal year.

Other

$325.15K

Board Justification

Other compensation includes various benefits and retirement contributions, including a pro rata cash retainer for his service as a non-employee director after retirement.

Restricted Stock

$4.26M(24K RSU)

Board Justification

The stock that vested in 2023 includes 20,282 shares of restricted stock and 25,068 shares of performance-based restricted stock units (PBRSUs) that were accelerated due to retirement, reflecting performance hurdles already achieved.

Performance Metrics

The performance metrics include pre-tax income growth and operating ratio, which are critical for determining the compensation of the CEO.

Other Old Dominion Freight Line CEOs

Here are other CEOs of Old Dominion Freight Line

David S. Congdon

Ex-CEO of Old Dominion Freight Line

January 2008 - April 2015