Form 4: ODP Corp Executive Zoe Maloney Reports Stock Transactions
SEC Form 4 Filing
EVP and Chief HR Officer of ODP Corp, Zoe Maloney, reports acquisition and disposal of company stock related to vesting of restricted stock units and tax obligations.
Summary
- Zoe Maloney, EVP and Chief HR Officer of ODP Corp, filed a Form 4 detailing changes in beneficial ownership of ODP Corp stock.
- On March 10, 2025, Maloney acquired 26,951 shares of common stock through the vesting of restricted stock units (RSUs).
- An additional 2,511 shares were acquired through the vesting of performance-based restricted stock units on the same date.
- A total of 2,057 shares were disposed of to cover tax withholding obligations related to vesting events at a price of $17.81 per share.
- Following these transactions, Maloney directly owns 70,809 shares of ODP Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The vesting of restricted stock units indicates that the executive is meeting performance goals or time-based milestones set by the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Date of a previous grant of shares with restrictions. |
| 03/10/2023 | Date of a previous grant of shares with restrictions. |
| 03/10/2025 | Date of the reported transactions, including RSU vesting and tax withholding. |
| 03/10/2026 | Date of the first tranche of RSU vesting. |
| 03/10/2027 | Date of the second tranche of RSU vesting. |
| 03/10/2028 | Date of the final tranche of RSU vesting. |
| 03/12/2025 | Date of signature on the Form 4 filing. |
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