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Kevin M. Freeman

President and Chief Executive Officer at OLD DOMINION FREIGHT LINE
Board
Since July 1, 2023
Age
65 years
Tenure
Joined Old Dominion Freight Line in February 1992 and progressed through key roles including Vice President of Field Sales (May 1997–December 2010), Senior Vice President – Sales (January 2011–May 2018), Executive Vice President and Chief Operating Officer (May 2018), before assuming the position of President and Chief Executive Officer in July 2023.

Also at OLD DOMINION FREIGHT LINE

DSC
David S. Congdon
Executive Chairman of the Board
ANS
Adam N. Satterfield
EVP and Chief Financial Officer
CEOJ
Cecil E. Overbey, Jr.
SVP – Strategic Development

About

Kevin M. Freeman is the President and Chief Executive Officer of Old Dominion Freight Line, Inc., where he currently leverages over 44 years of transportation industry experience. Beginning his career at the company in February 1992, he quickly rose through several roles, reflecting his deep understanding of operations and sales within the less-than-truckload sector.

His career path at Old Dominion Freight Line is marked by progressive leadership positions. Freeman served as Vice President of Field Sales from May 1997 to December 2010, then advanced to Senior Vice President – Sales from January 2011 to May 2018, and further as Executive Vice President and Chief Operating Officer from May 2018 until he took on his current role as President and Chief Executive Officer on July 1, 2023.

Throughout his tenure, his strategic vision and operational expertise have been instrumental in shaping the company’s growth and market position, enabling a robust approach to customer relations and business strategy. While personal details such as his educational background or activities outside his corporate responsibilities have not been disclosed in the documents, his long-standing commitment and leadership within the company remain noteworthy.

$ODFL Performance Under Kevin M. Freeman

Past Roles

Organization Role Date Range
Old Dominion Freight Line Executive Vice President and Chief Operating Officer May 2018 - July 2023
Old Dominion Freight Line Senior Vice President – Sales January 2011 - May 2018
Old Dominion Freight Line Vice President of Field Sales May 1997 - December 2010

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$784,387 AnnualFixed base pay
Life Insurance Premiums$1,972 AnnualIncluded in All Other Compensation
Executive Health Program$2,400 AnnualIncluded in All Other Compensation
Corporate Automobile Benefits$3,718 AnnualIncluded in All Other Compensation
401(k) Plan Contributions$24,208 AnnualCompany contributions
Restricted Stock Accumulated Dividends$6,028 AnnualVested restricted stock dividends; part of All Other Compensation

Performance Compensation

Data from  FY 2023

PIP - Non-Equity Incentive Plan Compensation

Metric (Unit)ValueAdditional Details
Participation Factor (%)0.60% Applies to pre-tax income performance
Threshold Payout ($)$703,800 Based on a pre-tax income threshold of 2% of revenue (for $117.3M of pre-tax income)
Maximum Payout ($)$9,855,040 Capped at the lesser of 10x base salary or 1.5% of pre-tax income
Evaluation FrequencyMonthly Payouts are determined monthly based on performance
Performance MetricPre-tax Income Must exceed 2% of revenue
Vesting ScheduleN/A No vesting schedule; payouts are made monthly

PBRSUs - Performance-Based Restricted Stock Units

Metric (Unit)ValueAdditional Details
Performance MetricAnnual Pre-tax Income Growth Sole metric; PBRSUs are only awarded if minimum growth is achieved
Target Shares4,080 shares Adjusted target following a two-for-one stock split
Grant DateFeb 8, 2023 Specific grant date for PBRSUs
Grant Date Fair Value ($)$366,639 Valuation at grant date
Vesting Schedule1/3 immediately, 2/3 in two equal installments on first and second anniversaries Vesting is contingent upon continued employment
Actual Outcome for 20230 PBRSUs earned No pre-tax income growth achieved; hence, no PBRSUs vested