Old Dominion Freight Line, Inc. Non-Employee Director Compensation Structure (2022)
This document outlines the compensation structure for non-employee directors of Old Dominion Freight Line, Inc., effective from the 2022 annual shareholders meeting. Non-employee directors receive an annual cash retainer of $90,000 and an annual restricted stock grant of $157,000. Additional cash retainers are provided to the Lead Independent Director and Chairs of the Audit, Compensation, and Governance and Nomination Committees. These additional amounts are paid on top of the standard director retainer.
Exhibit 10.18.15
OLD DOMINION FREIGHT LINE, INC.
NON-EMPLOYEE DIRECTOR COMPENSATION STRUCTURE
EFFECTIVE AS OF THE 2022 ANNUAL MEETING OF SHAREHOLDERS
| Director Role |
| Annual Cash |
| Annual Restricted Stock Grant Amount |
| Member (all non-employee directors) |
| $90,000 |
| $157,000 |
| Lead Independent Director |
| 25,000 | (1) | — |
| Audit Committee Chair |
| 25,000 | (1) | — |
| Compensation Committee Chair |
| 20,000 | (1) | — |
| Governance and Nomination Committee Chair |
| 15,000 | (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.
