ACCO director granted 6,820 RSUs
ACCO Brands director Kathleen S. Dvorak acquired 6,820.600 restricted stock units (RSUs) linked to common stock.
Rhea-AI Filing Summary
ACCO Brands director Kathleen S. Dvorak acquired 6,820.600 restricted stock units (RSUs) linked to common stock. The RSUs were credited under dividend equivalent provisions on her existing earned and outstanding RSU awards, meaning she received additional units instead of cash dividends.
The RSUs were granted under ACCO Brands' incentive plan for non-employee directors and are deferred under the company’s deferred compensation plan. They either vest immediately or on the one-year anniversary of the grant, and each unit converts into one share of common stock upon her death, disability, or when she leaves the board. After this grant, she holds 276,005.730 RSUs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,820.6 | $0.00 | $0.00 |
Footnotes (2)
- F1. Represents Restricted Stock Units (RSUs) acquired pursuant to the dividend equivalent provisions of the Reporting Person's earned and outstanding RSU awards.
- F2. Restricted Stock Units (RSUs) granted under the Issuer's Incentive Plan. RSUs are immediately vested or vest on the one year anniversary of the grant date, but in either case, have been deferred under the Issuer's Deferred Compensation Plan for Non-Employee Directors. Each RSU represents the right to receive one share of the Issuer's common stock upon the earlier of the date of the reporting person's death or disability, or cessation of service as a member of the Board of Directors.
FAQ
What insider transaction did ACCO director Kathleen Dvorak report on Form 4?
How many ACCO Brands RSUs does Kathleen Dvorak hold after this transaction?
What triggers payment of Kathleen Dvorak’s ACCO Brands RSUs?
How do ACCO Brands dividend equivalent RSUs work for non-employee directors?
When do Kathleen Dvorak’s newly acquired ACCO RSUs vest?
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