Form 4: ODP Corp Executive Kevin Moffitt Reports Stock Transaction
SEC Form 4 Filing
Kevin Moffitt, EVP and President of Office Depot, reports the disposal of 1,019 common stock shares to cover tax obligations.
Summary
- On March 25, 2025, Kevin Moffitt, EVP and President of Office Depot, disposed of 1,019 shares of ODP Corp common stock at a price of $14.65 per share to satisfy tax withholding obligations.
- This transaction occurred due to the vesting of restricted shares granted on March 25, 2024.
- Following the transaction, Moffitt beneficially owns 87,519 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor executive compensation and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of grant of restricted shares. |
| 03/25/2025 | Date of transaction (disposal of shares for tax withholding). |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
ODP Corp, Kevin Moffitt, Stock Transaction, Form 4, Beneficial Ownership, Office Depot, Executive Compensation, Tax Withholding
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