Form 4: ODP Co-CFO Sells Shares for Tax Obligations

ODP Corp's Co-CFO and SVP, Adam Haggard, disposed of 179 shares of common stock at $17.17 per share to cover tax withholding obligations related to a vesting equity grant.

Summary

• Adam Haggard, Co-CFO and SVP of ODP Corp, reported a transaction on August 4, 2025.
• The transaction involved the disposition of 179 shares of ODP common stock.
• The shares were disposed of at a price of $17.17 per share.
• This disposition was made to satisfy tax withholding obligations upon the vesting of restricted shares granted on March 25, 2024.
• Following this transaction, Adam Haggard beneficially owns 27,162 shares of ODP common stock.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is neutral in sentiment and does not indicate positive or negative company performance or outlook.

Future Outlook

NA

Industry Context

This is a routine insider transaction related to equity compensation and tax obligations, which is common across all industries for executives receiving stock-based awards. It does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: The transaction is a routine disposition for tax purposes and is unlikely to have a material impact on existing shareholders.
• Employees: The transaction relates to executive compensation, which is a standard part of employee incentive programs.

Key Dates

Keywords

ODP Corp, ODP, Adam Haggard, Co-CFO, SVP, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Equity Vesting