ACCO Form 4: SVP McCormack Receives 1,858.7 RSUs Across 2026–2028 Vesting

Rhea-AI Filing Summary

ACCO BRANDS Corp (ACCO) reported grants of Restricted Stock Units (RSUs) to Gregory J. McCormack, SVP, Global Products & Ops. On 09/10/2025 the reporting person was awarded three RSU grants that vest on 03/14/2026 (589.4 RSUs), 03/12/2027 (618.9 RSUs) and 03/11/2028 (650.4 RSUs). Each RSU represents the right to receive one share of common stock if the reporting person remains employed through the applicable vesting date; some RSUs reflect dividend equivalent adjustments. The Form 4 is signed by an attorney-in-fact and shows these are awards, not open-market purchases or sales.

Positive

• Executive retention and alignment: multi‑year RSU grants tie the officer's compensation to future share performance and continued employment
• Staggered vesting: vesting in 2026, 2027 and 2028 spreads incentives over time, reducing single‑date turnover risk
• Dividend equivalents applied: additional RSUs from dividend equivalent provisions modestly increase awarded shares, reflecting total compensation adjustments

Negative

• Potential dilution: RSUs convert to common stock on vesting, which may increase outstanding shares if settled in shares rather than net share settlement
• Limited immediate market signal: awards are grants rather than purchases or sales, so they do not indicate insider buying conviction

Insights

Corporate Governance Expert

TL;DR: Routine time‑based RSU grants align executive pay with shareholder outcomes without immediate share dilution.

The reported grants are standard time‑based restricted stock units under the issuer's incentive plan, subject to continued employment and potential acceleration per plan terms. These awards increase the executive's stake over multi‑year vesting horizons, providing retention incentives. The filing discloses dividend equivalent credits applied to existing awards, which modestly increases settled shares. No sales or option exercises were reported, indicating no immediate change in free‑float from insider dispositions.

Compensation Analyst

TL;DR: Grants total 1,858.7 RSUs across three vesting dates, representing deferred equity compensation rather than cash pay.

Summing the awards yields 1,858.7 RSUs delivered via grant and dividend equivalents on 09/10/2025. Vesting across 2026–2028 staggers potential equity issuance and aligns long‑term incentives with performance/retention. The filing lacks dollar valuation beyond a $0 exercise price because RSUs convert to shares; investors should note these convert to common stock on vesting, which increases outstanding shares over time if not net‑settled.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McCormack Gregory J.

(Last) (First) (Middle)

C/O ACCO BRANDS CORPORATION

(Street)

LAKE ZURICH IL 60047

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACCO BRANDS Corp [ ACCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Global Products & Ops

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)	$0	09/10/2025		A		589.4(2)		03/14/2026	03/14/2026	Common Stock	589.4	$0	31,788	D
Restricted Stock Units(3)	$0	09/10/2025		A		618.9(2)		03/12/2027	03/12/2027	Common Stock	618.9	$0	33,376.9	D
Restricted Stock Units(4)	$0	09/10/2025		A		650.4(2)		03/11/2028	03/11/2028	Common Stock	650.4	$0	35,080.1	D

Explanation of Responses:

1. Restricted Stock Units (RSUs) granted under the Issuer's Incentive Plan. Each RSU represents the right to receive one share of the Issuer's common stock on March 14, 2026, provided the Reporting Person remains employed by the Issuer at that time, subject to acceleration as provided in said Plan.

2. Represents Restricted Stock Units (RSUs) acquired pursuant to the dividend equivalent provisions of the Reporting Person's earned and outstanding RSU awards.

3. Restricted Stock Units (RSUs) granted under the Issuer's Incentive Plan. Each RSU represents the right to receive one share of the Issuer's common stock on March 12, 2027, provided the Reporting Person remains employed by the Issuer at that time, subject to acceleration as provided in said Plan.

4. Restricted Stock Units (RSUs) granted under the Issuer's Incentive Plan. Each RSU represents the right to receive one share of the Issuer's common stock on March 11, 2028, provided that the Reporting Person remains employed by the Issuer at that time, subject to acceleration as provided in said Plan.

	/s/ Kathryn D. Ingraham, Attorney-in-fact for Gregory J. McCormack	09/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did ACCO (ACCO) report on the Form 4?

ACCO reported RSU grants to Gregory J. McCormack on 09/10/2025 totaling 1,858.7 RSUs that vest in 2026, 2027 and 2028.

How many RSUs were granted to Gregory J. McCormack and when do they vest?

Three grants: 589.4 RSUs vesting 03/14/2026; 618.9 RSUs vesting 03/12/2027; 650.4 RSUs vesting 03/11/2028.

Do the RSUs have an exercise price or immediate cash value on the Form 4?

The Form 4 lists a $0 price because RSUs convert to shares on vesting rather than being exercised like options.

Were there any insider sales or purchases reported for ACCO in this filing?

No. The filing only discloses RSU awards and dividend equivalent adjustments; no open‑market purchases or dispositions are reported.

What causes the additional RSUs noted as dividend equivalents?

The filing states some RSUs reflect dividend equivalent provisions applied to the reporting person’s earned and outstanding RSU awards.

Who signed the Form 4 and when was it filed?

The Form 4 is signed by Kathryn D. Ingraham, Attorney‑in‑fact for Gregory J. McCormack and dated 09/12/2025.