Gerry P. Smith is the CEO of The ODP Corporation, a position he has held since 2013. During his leadership, he has focused on aligning executive pay with company performance, utilizing metrics like adjusted EBITDA and net sales to drive...

Gerry P. Smith is the CEO of The ODP Corporation, a position he has held since 2013. During his leadership, he has focused on aligning executive pay with company performance, utilizing metrics like adjusted EBITDA and net sales to drive results. In 2022, Smith's total compensation was notably high at over $10.5 million, which included a significant performance bonus due to exceeding set goals. This highlights his ability to meet and exceed targets. He has also seen fluctuations in compensation; for example, in 2023, his total was $1.17 million with no bonuses, demonstrating a stark contrast from previous years. Smith’s journey with ODP showcases his commitment to raising shareholder value and navigating corporate challenges. His background includes experience that is relevant to guiding ODP through competitive markets, and he quickly adapted his strategies to enhance the company’s standing in the industry. Under his leadership, the company focuses on long-term growth, making it a key player in its sector.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Gerry P. Smith

CEO of The ODP Corporation

Education

Bachelor's degree in Finance and Marketing from Pacific Lutheran University

Field of Expertise

Business & Management

Sector of Economy

Consumer Cyclical

Born

February 1, 1966 - 59 years ago

CEO of The ODP Corporation for

8 years 4 months (Feb 2017 - Present)

Previous Experience

Chief Operating Officer at Lenovo Group Ltd.

Rivals

Competitors/colleagues of Gerry P. Smith

Holdings

See how much did Gerry P. Smith make over time.

Gerry P. Smith's holdings in The ODP Corporation have seen significant changes over the years. At his peak, his wealth was tied closely to sizable stock grants which appreciated considerably. Specifically, he initially received over 1.1 million restricted stock units...

Gerry P. Smith's holdings in The ODP Corporation have seen significant changes over the years. At his peak, his wealth was tied closely to sizable stock grants which appreciated considerably. Specifically, he initially received over 1.1 million restricted stock units (RSUs) valued at around $6.25 million in 2013. As of now, he has no reported vested stocks or options for 2023, indicating a shift in focus possibly towards cash compensation. In 2022, despite holding no vested stock, his total compensation showcased a substantial reliance on performance-based bonuses, which were structured to incentivize his leadership. This trajectory points to a major transition in his financial holdings, from a significant share-based wealth to a more cash-oriented structure in recent years.

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Total Stock Sold

$9.75M

ODP

$9.75M

211,035 ODP shares

What if they kept their stock?

If Gerry P. Smith didn't sell their stock, today they would have:
Extra ODP211,035 shares worth $4.48M.
This is -54.06% and $5.27M less than what they got when they sold the stock.

Charitable Transactions

ODP

79,062 shares

ODP

Recent Charitable Transactions

ODP

79,062 shares

ODP

Aug 11, 2023

Charity

Insider Trading

See recent insider trades of Gerry P. Smith.

ODP

204,780 shares

ODP

Mar 10, 2025

Received

ODP

55,738 shares

ODP

Apr 22, 2024

Received

ODP

62,124 shares

ODP

Mar 25, 2024

Received

ODP

34,290 shares

ODP

Feb 13, 2024

Received

ODP

79,062 shares

ODP

Aug 11, 2023

Charity

ODP

$3.57M

ODP at $50.59/share

Aug 9, 2023

Sale

ODP

$1.26M

ODP at $50.01/share

Jul 31, 2023

Sale

ODP

$771.79K

ODP at $50.03/share

Jul 27, 2023

Sale

ODP

349,091 shares

ODP

Mar 14, 2023

Received

ODP

67,128 shares

ODP

Mar 10, 2023

Received

Compensation History

See how much did Gerry P. Smith make over time.

In recent years, Gerry P. Smith's compensation has illustrated a significant variance, reflecting the dynamic nature of his performance and the company's success. In 2023, he earned $1,175,379, primarily from a $1.1 million salary, plus additional perquisites. This amount was notably lower compared to 2022, where he reported more than $10.5 million, largely due to a performance bonus. His bonus that year was paid based on exceeding performance targets, highlighting the company's progressive metric-based compensation structure. Over the years, Smith received substantial bonuses, especially in 2022, which included performance metrics adjusted to encourage high achievement. This strategy indicates a broader focus on aligning his pay with the company's long-term goals, ensuring he remains motivated to drive the company's success. Overall, Smith's compensation journey reflects his performance-driven approach and the company's evolving metrics for success.

Year

2023

Total Compensation

$1.18M

Salary

$1.10M

Board Justification

The compensation philosophy emphasizes aligning executive compensation with company performance and market competitiveness to attract and retain talent.

Bonus

$0.00

Board Justification

No bonuses were paid in 2023.

Other

$75.38K

Board Justification

Other compensation includes various perquisites and benefits provided to the CEO.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023.

Performance Metrics

The performance metrics for determining compensation include adjusted EBITDA, net sales, and non-financial ESG goals.