Form 4: ODP Corp Director, Kristin Ann Campbell, Receives Equity Grant

Kristin Ann Campbell, a director of ODP Corp, received an annual equity grant of 11,131 restricted stock units on May 2, 2025, as compensation for her service on the Board of Directors.

Summary

• On May 2, 2025, Kristin Ann Campbell, a director of ODP Corp, received an equity grant.
• The grant consisted of 11,131 restricted stock units (RSUs).
• Each RSU represents the right to receive one share of ODP Corp common stock.
• The RSUs were granted as compensation for Campbell's service as a member of the Board of Directors.
• The restricted stock units fully vest on the grant date.
• Vested shares will be distributed immediately following Campbell's termination or expiration of term of service on the Issuer's Board of Directors.
• Following the transaction, Campbell directly owns 49,503 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant to a board member, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative news or concerns.

Positives

• The equity grant aligns the director's interests with those of the shareholders.
• The immediate vesting of the RSUs could be seen as a positive incentive for the director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This type of equity grant is a common practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Equity grants to board members are a standard practice across publicly listed companies.
• The size of the grant (11,131 RSUs) would need to be compared to grants given to directors at comparable companies in the office supply or retail sectors to assess its relative value.
• Companies like Staples or Amazon could be used as benchmarks for comparison.

Stakeholder Impact

• The equity grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

ODP Corp, Director, Kristin Ann Campbell, Equity Grant, Restricted Stock Units, RSU, Beneficial Ownership, Form 4