Form 4: ODP Corp Executive Centrella David C Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
David C Centrella, EVP and President of ODP Business Solutions, disposed of 631 shares of ODP Corp stock on March 25, 2025, to cover tax withholding obligations.
Summary
- On March 25, 2025, David C Centrella, an EVP and President of ODP Business Solutions, disposed of 631 shares of ODP Corp 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, Centrella directly owns 85,282 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 standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with company performance.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of original grant of shares with restrictions. |
| 03/25/2025 | Date of transaction (stock disposal). |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
ODP Corp, David C Centrella, Form 4, Stock Disposal, Tax Withholding, Insider Trading
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