Form 4: ODP Corp Director Schioldager Receives Annual Equity Grant

Director Amy L. Schioldager receives an annual equity grant of restricted stock units from ODP Corp.

Summary

• On May 2, 2025, Amy L. Schioldager, a director of ODP Corp, received an annual equity grant of 11,131 restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of ODP Corp common stock.
• The RSUs fully vest on the grant date.
• Vested shares will be distributed to Schioldager immediately following the termination or expiration of her service on the Issuer's Board of Directors.
• Following the transaction, Schioldager beneficially owns 14,693 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, indicating stable corporate governance and compensation practices. It's a neutral event with a slightly positive undertone due to alignment of interests.

Positives

• The equity grant aligns the director's interests with those of the shareholders.
• Immediate vesting of the RSUs indicates confidence in the director's continued service.

Industry Context

Equity grants to board members are a common practice in publicly traded companies to align their interests with those of shareholders and incentivize their service.

Comparison to Industry Standards

• Equity compensation for board members varies widely depending on company size, industry, and individual contributions.
• Comparing the size and vesting schedule of this grant to those of directors at similar companies like Staples or Office Depot (prior to its acquisition) could provide further context.

Stakeholder Impact

• The equity grant aligns the director's interests with those of the shareholders, potentially leading to better decision-making.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

ODP Corp, Director, Equity Grant, Restricted Stock Units, Compensation, Form 4, Schioldager