Old Dominion Freight Line Chairman David Congdon's 2019 pay falls 22% to $7.5M
Old Dominion Freight Line reports 2019 executive compensation
By ExecPay News
Published: April 20, 2020
Old Dominion Freight Line reported fiscal year 2019 executive compensation information on April 20, 2020.
In 2019, five executives at Old Dominion Freight Line received on average a compensation package of $5.4M, a 6% increase compared to previous year.
Average pay of disclosed executives at Old Dominion Freight Line
David S. Congdon, Chairman, received $7.5M in total, which decreased by 22% compared to 2018. 66% of Congdon's compensation, or $4.9M, was in non-equity incentive plan. Congdon also received $20K of change in pension value and nonqualified deferred compensation earnings, $727K in salary, $1.6M in stock awards, as well as $232K in other compensation.
For fiscal year 2019, the median employee pay was $81,583 at Old Dominion Freight Line. Therefore, the ratio of David S. Congdon's pay to the median employee pay was 92 to one.
Greg C. Gantt, Chief Executive Officer, received a compensation package of $7.3M, which increased by 51% compared to previous year. 67% of the compensation package, or $4.9M, was in non-equity incentive plan.
Earl E. Congdon, Chairman, earned $4.3M in 2019, a 26% decrease compared to previous year.
Kevin M. Freeman, Chief Operating Officer, received $4.3M in 2019, which increases by 55% compared to 2018.
Adam N. Satterfield, Chief Financial Officer, earned $3.3M in 2019, a 56% increase compared to previous year.
Related executives
You may also like
Source: SEC filing on April 20, 2020.