Greg Gantt
Director at ODFL
Board
About Greg C. Gantt
Greg C. Gantt (age 69) is a non-employee director of Old Dominion Freight Line and former President & CEO (May 2018–June 2023). He was first elected to the ODFL Board in 2018 and is described as a private investor with deep LTL operations and commercial leadership experience built over three decades at ODFL and, earlier, Carolina Freight Carriers . He is not identified as an independent director under Nasdaq standards in ODFL’s 2025 proxy .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Old Dominion Freight Line | President & CEO | May 2018 – Jun 2023 | Led operating plan; contributed to LTL leadership, strategy, marketing/sales/customer relationship management |
| Old Dominion Freight Line | President & COO | May 2015 – May 2018 | Operations leadership and strategy |
| Old Dominion Freight Line | EVP & COO | Jun 2011 – May 2015 | Operations leadership |
| Old Dominion Freight Line | SVP – Operations | Jan 2002 – Jun 2011 | Operations management |
| Old Dominion Freight Line | Regional Vice President | Nov 1994 – Jan 2002 | Regional operations leadership |
| Carolina Freight Carriers Corporation | Vice President, Southern Region (and other operational roles) | Pre-1994 (dates not specified) | Freight operations expertise |
External Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Not disclosed in proxy | — | — | No other public company board service disclosed for Gantt |
Board Governance
- Committee memberships: None listed for Gantt (no AC/TCC/GNC/RC assignments) .
- Independence: Not identified as independent by the Board under Nasdaq standards in the 2025 proxy .
- Attendance: All incumbent directors attended at least 75% of aggregate Board/committee meetings in 2024 and were present at the 2024 annual meeting; ODFL held six Board meetings in 2024 .
- Lead Independent Director: Role held by Leo H. Suggs in 2024; Board elected John D. Kasarda to succeed upon Suggs’ retirement; not Gantt .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Fees Earned or Paid in Cash ($) | $101,667 | Actual fees for Gantt in 2024 |
| Annual Restricted Stock Award (RSA) ($) | $146,216 | Grant of 795 shares on May 15, 2024; fair value based on $183.92 closing price |
| All Other Compensation ($) | $593 | Accumulated dividends on prior RSA vesting |
| Total ($) | $248,476 | Sum of 2024 director compensation |
Director compensation structure (standard, non-employee): cash retainer $110,000; annual RSA target $165,000; additional cash retainers for committee chairs ($20,000–$25,000) and Lead Independent Director ($25,000); no meeting fees; RSAs generally vest after one year; directors subject to stock ownership guidelines equal to 5× the annual cash retainer .
Performance Compensation
- Directors do not receive performance-based equity; RSAs for non-employee directors are service-based and vest on the earlier of one year from grant, change of control (subject to plan rules), death, or total disability .
- Plan protections: No dividends/dividend equivalents on unearned awards; clawback, forfeiture, stock ownership, and anti-hedging/pledging policies apply under the 2025 plan framework and company policy .
| Grant Type | Grant Date | Shares | Grant-Date Fair Value | Vesting Terms |
|---|---|---|---|---|
| RSA (Director) | May 15, 2024 | 795 | $146,216 (795 × $183.92) | Vests in one year or upon qualifying events per plan |
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Other public company boards | None disclosed for Gantt in ODFL proxy |
| Compensation committee interlocks | Proxy states no interlocking relationships between ODFL directors/executives/Talent & Compensation Committee and other companies’ boards/compensation committees; Gantt is not on the TCC |
Expertise & Qualifications
- LTL operations, leadership, strategy, with significant experience in marketing, sales, and customer relationship management; instrumental in developing ODFL’s operating plan over 30 years .
Equity Ownership
| Holder | Shares Beneficially Owned | % of Outstanding | Notes |
|---|---|---|---|
| Greg C. Gantt | 107,529 | <1% | Includes 268 shares in spouse’s 401(k) |
| Pledging/Hedging | Prohibited | — | Company trading policy prohibits hedging/pledging, margin accounts, or pledging Company securities by directors/officers/employees |
| Unvested Director RSA (as of 12/31/24) | 795 shares | — | Granted May 15, 2024 (unvested at year-end) |
Governance Assessment
- Strengths: Deep operating and commercial expertise; standard director pay structure with equity retainer; adherence to robust trading policy (no hedging/pledging); stock ownership guidelines apply to directors; full Board attendance metrics and independent director executive sessions reported .
- Risks/Red Flags: Not classified as independent (former CEO within the lookback window), which reduces independent representation; no committee assignments, limiting direct governance oversight roles; no disclosed other public boards (limits external governance exposure but also minimizes interlock risk) .
- Related-party transactions: None disclosed involving Gantt; Audit Committee oversight and a formal Related Person Transactions Policy are in place .