December 10, 2025 · Form 4 insider transaction
LEVITT EVAN sold 14,693 shares of Office Depot Inc, a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 0 days after the transaction.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.; On December 10, 2025, pursuant to that certain Agreement and Plan of Merger, dated as of September 22, 2025 (the "Merger Agreement"), by and among ODP Corporation (the "Issuer"), ACR Ocean Resources LLC, ("Parent") and Vail Holdings 1, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent.; Pursuant to the Merger Agreement, deferred RSUs held by the Reporting Person immediately prior to the closing of the Merger ("Effective Time") were converted into the right to receive an amount of cash equal to the sum of (a) (i) the number of shares of Issuer common stock subject to such RSUs immediately prior to the Effective Time, multiplied by (ii) $28.00 per share, plus (b) any accrued and unpaid dividends or dividend equivalent rights corresponding to such RSUs, without interest, net of all applicable withholding taxes.