Form 4: ODP Corp Executive Zoe Maloney Reports Stock Transactions

EVP and Chief HR Officer of ODP Corp, Zoe Maloney, reports acquisition and disposal of company stock to cover tax obligations and vesting of restricted stock units.

Summary

• Zoe Maloney, EVP and Chief HR Officer of ODP Corp, reported transactions involving ODP Corp common stock.
• On April 22, 2024, 767 shares were disposed of to cover tax obligations related to vesting shares from a grant issued on April 22, 2021, at a price of $49.89 per share.
• An additional 1,035 shares were disposed of on April 22, 2024, at $49.89 per share to cover tax obligations related to the payout of performance-based stock units.
• On April 23, 2024, 4,274 performance-based restricted stock units vested, resulting in the acquisition of these shares at $0.00 per share.
• Also on April 23, 2024, 1,682 shares were disposed of at $49.89 per share to cover tax obligations related to the vesting of performance-based stock units.
• Following these transactions, Maloney directly owns 43,404 shares of ODP Corp common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to compensation and tax obligations.

Positives

• The vesting of performance-based restricted stock units indicates that performance targets were met.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates