Form 4: ODP Corp Executive Gannfors John Reports Stock Transaction
SEC Form 4 Filing
EVP and President of Veyer, John Gannfors, reports disposition of 1,223 common stock shares to cover tax obligations.
Summary
- On March 25, 2025, John Gannfors, EVP and President of Veyer at ODP Corp, disposed of 1,223 shares of common stock.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of restricted shares from a grant issued on March 25, 2024.
- The transaction price was $14.65 per share.
- Following the transaction, Gannfors directly owns 104,404 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (standard tax withholding) with no inherent positive or negative implications for the company's financial health or future prospects.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a routine transaction related to tax obligations on vested shares, which is a common practice among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related activity.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of original grant of restricted shares. |
| 03/25/2025 | Date of stock transaction (disposal of shares for tax withholding). |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
ODP Corp, John Gannfors, Form 4, Stock Transaction, Beneficial Ownership, Veyer, Executive Compensation, Tax Withholding
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