ACCO Brands (ACCO) SVP exercises 31,788 RSUs and settles tax shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands Corp senior vice president Gregory J. McCormack exercised restricted stock units into common shares as part of his compensation. On March 14, 2026, 31,788 restricted stock units converted into 31,788 shares of common stock at a stated price of $0.00 per share.
On the same date, 9,476 common shares were disposed of at $3.32 per share to satisfy tax obligations associated with the equity award. After these transactions, McCormack directly holds 209,110 shares of ACCO Brands common stock. The footnote explains the RSUs were granted under the company’s incentive plan and settled on March 14, 2026, conditioned on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,788 shares exercised/converted
Mixed
3 txns
Insider
McCormack Gregory J.
Role
SVP, Global Products & Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 31,788 | $0.00 | -- |
| Exercise | Common Stock | 31,788 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,476 | $3.32 | $31K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 218,586 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ACCO (ACCO) report for Gregory J. McCormack?
Gregory J. McCormack, a senior vice president at ACCO, exercised 31,788 restricted stock units into common shares. The filing also shows a related tax withholding disposition, reflecting routine equity compensation activity rather than an open-market stock purchase or sale.
What type of equity award did ACCO (ACCO) use in McCormack’s Form 4 transaction?
The transaction involved restricted stock units granted under ACCO’s incentive plan. Each restricted stock unit represented the right to receive one share of ACCO common stock on March 14, 2026, subject to McCormack’s continued employment and plan-based acceleration provisions.
Was the ACCO (ACCO) Form 4 transaction an open-market stock purchase or sale?
No, the Form 4 does not show an open-market purchase or sale. It reports an exercise of restricted stock units into common shares and a related tax withholding disposition, where shares were delivered to cover tax liabilities arising from the equity award.