Max Hood, identified as Co-CFO and SVP of ODP Corp (ODP), reported a Form 4 transaction dated 09/06/2025. The filing shows a disposition (code F) of 2,448 shares of Common Stock at a price of $22.21 per share. The filing explains these shares were withheld by the issuer to satisfy tax withholding on the vesting of restricted shares originally granted on 09/06/2024. After the withholding, the reporting person beneficially owned 40,970 shares, held directly. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person on 09/09/2025. This disclosure documents a routine tax-related share withholding tied to equity compensation vesting.
LSV Asset Management reports beneficial ownership of 1,423,757 shares of ODP Corp Class A common stock, equal to 4.7% of the class. LSV states it has sole voting power over 808,077 shares and sole dispositive power over all 1,423,757 shares it reports, and that the holdings are held in the ordinary course of business and not for the purpose of changing control.
The filing identifies LSV as organized in Delaware and clarifies there are no shared voting or dispositive powers reported. For investors, this documents a concentrated but sub-5% stake with clear dispositive authority by the reporting adviser.