Form 4: ODP Corp Executive Diego Scaglione Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
ODP Corp's EVP & Chief Financial Officer, Diego Scaglione, reports disposing of common stock to cover tax withholding obligations related to vesting shares.
Summary
- On March 10, 2024, Diego Anthony Scaglione, EVP & Chief Financial Officer of ODP Corp, disposed of shares of common stock to satisfy tax withholding obligations.
- 2,092 shares were disposed of at a price of $51.47 per share related to a grant issued on March 10, 2023.
- An additional 2,349 shares were disposed of at the same price, related to a grant issued on March 10, 2022.
- Following these transactions, Scaglione directly owns 91,663 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard procedure for executives to cover tax obligations related to stock grants.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. They provide transparency into insider transactions.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Date of original grant of shares with restrictions. |
| 03/10/2023 | Date of original grant of shares with restrictions. |
| 03/10/2024 | Date of transaction (stock disposal for tax obligations). |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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