Form 4: ODP Corp Executive Centrella Reports Stock Transactions
SEC Form 4 Filing
EVP David Centrella reports acquisition and disposal of ODP Corp common stock related to vesting of restricted stock units and tax obligations.
Summary
- David C. Centrella, EVP and President of ODP Business Solutions, reported transactions involving ODP Corp common stock.
- On April 22, 2024, 700 shares were withheld by the issuer to cover tax obligations related to the vesting of restricted shares from a grant issued on April 22, 2021, at a price of $49.89.
- An additional 945 shares were withheld on April 22, 2024, at $49.89 to cover tax obligations on performance-based stock units.
- On April 23, 2024, 3,903 performance-based restricted stock units vested at a price of $0.00, and 1,536 shares were withheld at $49.89 for tax obligations.
- Following these transactions, Centrella directly owns 63,014 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and are publicly disclosed to ensure transparency.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 04/22/2021 | Date of original grant of restricted shares. |
| 04/22/2024 | Shares of common stock withheld by Issuer to satisfy tax withholding obligations on vesting of shares with restrictions from a grant issued on April 22, 2021. |
| 04/22/2024 | Shares of common stock withheld by Issuer to satisfy tax withholding obligations on vesting of shares underlying the payout of performance-based stock units. |
| 04/23/2024 | Performance-based restricted stock units vested. |
| 04/23/2024 | Shares of common stock withheld by Issuer to satisfy tax withholding obligations on vesting of shares underlying the payout of performance-based stock units. |
| 04/24/2024 | Date of signature of the report. |
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