Form 4: ODP Corp Executive John Gannfors Reports Changes in Beneficial Ownership
SEC Form 4
EVP and President of Veyer, John Gannfors, reports acquisition and disposal of ODP Corp common stock and restricted stock units.
Summary
- On March 10, 2025, John Gannfors, EVP and President of Veyer at ODP Corp, reported changes in beneficial ownership of the company's stock.
- Gannfors acquired 26,951 shares of common stock through restricted stock units (RSUs) that vest in three equal installments on March 10 of 2026, 2027, and 2028.
- He also acquired 4,017 shares through performance-based restricted stock units that vested on the same date.
- A total of 4,535 shares were disposed of to cover tax withholding obligations related to the vesting of restricted stock and performance-based stock units.
- Following these transactions, Gannfors directly owns 105,627 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of executive interests with those of shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minor impact on the overall shareholding structure of the company.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Date of a previous grant of shares with restrictions. |
| 03/10/2023 | Date of a previous grant of shares with restrictions. |
| 03/10/2025 | Date of the reported transactions, including RSU grants and vesting, and tax withholding. |
| 03/10/2026 | First vesting date for one-third of the RSUs granted on March 10, 2025. |
| 03/10/2027 | Second vesting date for one-third of the RSUs granted on March 10, 2025. |
| 03/10/2028 | Final vesting date for one-third of the RSUs granted on March 10, 2025. |
| 03/12/2025 | Date of signature for the Form 4 filing. |
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