Form 4: ODP Corp EVP Diego Scaglione Reports Stock Transactions

EVP and Chief Financial Officer of ODP Corp, Diego Scaglione, reports acquisition and disposal of common stock and derivative securities.

Summary

• Diego Scaglione, EVP & Chief Financial Officer of ODP Corp, filed a Form 4 detailing changes in beneficial ownership.
• On April 22, 2024, shares of common stock were withheld by the issuer to satisfy tax withholding obligations on vesting of shares with restrictions from a grant issued on April 22, 2021.
• Specifically, 2,133 shares were withheld at a price of $49.89.
• An additional 2,879 shares were withheld on the same date at the same price to cover tax obligations on vesting of performance-based stock units.
• On April 23, 2024, 11,891 performance-based restricted stock units vested at a price of $0.00.
• Also on April 23, 2024, 4,680 shares were withheld at a price of $49.89 to satisfy tax withholding obligations on vesting of shares underlying the payout of performance-based stock units.
• Following these transactions, Scaglione directly owns 108,616 shares of ODP Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Positives

• The vesting of performance-based restricted stock units suggests that performance targets were met.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine compensation-related activities.

Key Dates