JOSEPH VASSALLUZZO - 25 Mar 2024 Form 4 Insider Report for ODP Corp (ODP)

Role
Director, Chairman of the Board
Signature
Sarah E. Hlavinka, Attorney-in-Fact
Issuer symbol
ODP
Transactions as of
25 Mar 2024
Transactions value $
$0
Form type
4
Filing time
27 Mar 2024, 19:54:56 UTC
Previous filing
28 Apr 2023
Next filing
30 Apr 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ODP Restricted Stock Unit Award $0 +10.7K +26.13% $0.00 51.5K 25 Mar 2024 Common Stock 10.7K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F2 Represents a special equity grant awarded to Mr. Vassalluzzo for his service as the Company's Interim Principal Executive Officer from September 2023 through January 2024.
F3 RSUs fully vests on the grant date. Vested shares will be distributed to the Reporting Person within 30 days following his/her termination or expiration of term of service on the Issuer's Board of Directors.