Old Dominion Freight Line, Inc. Non-Employee Director Compensation Structure (2020)

Summary

This document outlines the compensation structure for non-employee directors of Old Dominion Freight Line, Inc., effective from the 2020 annual shareholders meeting. Non-employee directors receive an annual cash retainer of $90,000 and an annual restricted stock grant of $135,000. Additional cash retainers are provided to the Lead Independent Director and the Chairs of the Audit, Compensation, and Governance and Nomination Committees. These amounts are paid annually and are in addition to the base retainer for all non-employee directors.

EX-10.18.14 5 odfl-ex101814_265.htm EXHIBIT 10.18.14 odfl-ex101814_265.htm

Exhibit 10.18.14

OLD DOMINION FREIGHT LINE, INC.

NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE

EFFECTIVE AS OF THE 2020 ANNUAL MEETING OF SHAREHOLDERS

	Annual Cash			Annual Restricted
Director Role	Retainer			Stock Grant Amount
Member (all non-employee directors)	$	90,000		$	135,000
Lead Independent Director	25,000		⁽¹⁾		—
Audit Committee Chair	25,000		⁽¹⁾		—
Compensation Committee Chair	15,000		⁽¹⁾		—
Governance and Nomination Committee Chair	12,500		⁽¹⁾		—

¹⁾ Each non-employee Chair of a Board Committee and the Lead Independent Director receives this annual retainer in addition to the $90,000 annual cash retainer paid to all non-employee directors.