Form 4: ODP Corp Executive Sarah E. Hlavinka Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Sarah E. Hlavinka, EVP-Chief Legal Officer & Secretary of ODP Corp, reports disposing of 1,158 shares of common stock to cover tax withholding obligations.
Summary
- On March 10, 2024, Sarah E. Hlavinka, EVP-Chief Legal Officer & Secretary of ODP Corp, disposed of 1,158 shares of common stock.
- The disposal was to satisfy tax withholding obligations related to the vesting of restricted shares granted on March 10, 2023.
- The transaction was executed at a price of $51.47 per share.
- Following the transaction, Hlavinka directly owns 16,122 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2023 | Date of grant for the restricted shares that vested. |
| 03/10/2024 | Date of the transaction (stock disposal for tax obligations). |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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