Form 4: ODP Corp Executive Max Hood Reports Stock Transaction
SEC Form 4 Filing
Max Hood, SVP & Chief Accounting Officer of ODP Corp, reports the disposal of 356 common stock shares to cover tax obligations.
Summary
- On March 25, 2025, Max Hood, the SVP & Chief Accounting Officer of ODP Corp, disposed of 356 shares of common stock.
- The transaction was to cover tax withholding obligations related to the vesting of restricted shares granted on March 25, 2024.
- The shares were disposed of at a price of $14.65 per share.
- Following the transaction, Hood directly owns 43,418 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, indicating an insider transaction related to tax obligations on vested shares. Such filings are common and provide transparency into executive stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of grant for shares with restrictions. |
| 03/25/2025 | Date of transaction (disposal of shares). |
| 03/27/2025 | Date of signature for the report. |
Keywords
ODP Corp, Max Hood, stock transaction, Form 4, insider trading, beneficial ownership, tax withholding, restricted stock
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