Form 4: ODP Co-CFO Max Hood's Tax-Related Stock Transaction
Insider Transaction Report
ODP Corp's Co-CFO and SVP, Max Hood, reported a disposition of 2,448 common shares to cover tax obligations related to a vested equity grant.
Summary
- Max Hood, Co-CFO and SVP of ODP Corp, reported a transaction involving the company's common stock.
- On September 6, 2025, 2,448 shares of ODP common stock were disposed of.
- These shares were withheld by ODP Corp to satisfy tax withholding obligations.
- The withholding was a result of the vesting of restricted shares that were originally granted on September 6, 2024.
- The deemed price per share for this transaction was $22.21.
- Following this reported transaction, Max Hood beneficially owns 40,970 shares of ODP common stock.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event reflecting the vesting of prior equity compensation.
Positives
- The vesting of restricted shares indicates the fulfillment of performance or time-based conditions for a prior equity grant, reflecting executive retention and alignment with shareholder interests.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The transaction involves a minor disposition of shares, which is a standard part of executive compensation and does not indicate a significant change in company fundamentals.
- Management: The vesting of restricted shares and subsequent tax withholding is a routine aspect of executive compensation, aligning executive interests with long-term company performance.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of original restricted share grant. |
| 09/06/2025 | Date of transaction where shares were withheld for tax obligations. |
| 09/09/2025 | Signature date of the Form 4 filing. |
Recommendation
holdThis Form 4 details a routine tax withholding transaction related to the vesting of equity compensation for an executive. It does not provide new fundamental information about the company's performance or strategic direction that would warrant a change in investment recommendation.
Keywords
ODP Corp, ODP, Max Hood, Co-CFO, SVP, Insider Transaction, Stock Disposition, Tax Withholding, Equity Compensation, Restricted Stock
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