Form 4: ODP Corp Executive Zoe Maloney Reports Stock Disposals to Cover Tax Obligations
SEC Filing
Zoe Maloney, EVP and Chief HR Officer of ODP Corp, reported the disposal of common stock to cover tax withholding obligations related to vesting shares.
Summary
- Zoe Maloney, an executive at ODP Corp, filed a Form 4 with the SEC detailing changes in beneficial ownership.
- The report indicates the disposal of ODP Corp common stock on March 10, 2024, to cover tax withholding obligations.
- A total of 979 shares were disposed of at a price of $51.47 per share related to shares vesting from a grant issued on March 10, 2022.
- An additional 1,101 shares were disposed of at a price of $51.47 per share related to shares vesting from a grant issued on March 10, 2023.
- Following these transactions, Maloney beneficially owns 34,849 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The disposal of shares to cover tax obligations upon vesting is a standard practice.
Stakeholder Impact
- The disposal of shares has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Date of original share grant related to the disposal of 979 shares. |
| 03/10/2023 | Date of original share grant related to the disposal of 1,101 shares. |
| 03/10/2024 | Date of stock disposal to cover tax obligations. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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