Form 4: ODP Corp CEO Gerry P. Smith Reports Stock Transaction
SEC Form 4 Filing
Gerry P. Smith, CEO of ODP Corp, reports the disposal of 8,149 shares of common stock to cover tax obligations.
Summary
- On March 25, 2025, Gerry P. Smith, the CEO of ODP Corp, disposed of 8,149 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted shares granted on March 25, 2024.
- The shares were disposed of at a price of $14.65 per share.
- Following the transaction, Smith directly owns 1,001,813 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing relates to a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations, which is a common occurrence when restricted stock vests.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of grant of restricted shares. |
| 03/25/2025 | Date of stock disposal for tax obligations. |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
ODP Corp, Gerry P. Smith, CEO, Form 4, Stock Transaction, Beneficial Ownership, Tax Withholding, Restricted Shares
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