Form 4: ODP Corp Executive Kevin Moffitt Reports Stock Transactions
SEC Form 4
Kevin Moffitt, EVP and President of Office Depot, reports the withholding of ODP Corp common stock to cover tax obligations related to vesting shares.
Summary
- On March 10, 2024, Kevin Moffitt, EVP and President of Office Depot, had shares of ODP Corp common stock withheld by the issuer to satisfy tax withholding obligations.
- 981 shares were withheld at a price of $51.47 related to the vesting of shares from a grant issued on March 10, 2022.
- An additional 1,101 shares were withheld at the same price of $51.47 related to the vesting of shares from a grant issued on March 10, 2023.
- Following these transactions, Moffitt beneficially owns 57,988 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard stock transactions for tax purposes, with no inherent positive or negative implications.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
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 stock withholding for tax obligations. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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