ACCO Brands director granted 32,809 RSUs
BURTON JOSEPH B reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
BURTON JOSEPH B reported acquisition or exercise transactions in this Form 4 filing.
ACCO Brands Corp director Joseph B. Burton reported an award of 32,809 Restricted Stock Units (RSUs) of common stock as compensation. The RSUs were granted at no cash cost under the company’s Incentive Plan and are deferred under the Deferred Compensation Plan for Non-Employee Directors.
The footnote explains that these RSUs either vest immediately or on the one-year anniversary of the grant, but in all cases remain deferred until the earlier of Burton’s death or disability, or when he ceases to serve on the Board. Following this grant, he directly holds 143,495.69 RSUs representing an equivalent number of common shares deliverable at that future time.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 32,809 | $0.00 | $0.00 |
Footnotes (1)
- F1. 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.
Key Figures
Key Terms
Restricted Stock Units (RSUs) financial
Incentive Plan financial
Deferred Compensation Plan for Non-Employee Directors financial
cessation of service financial
FAQ
What insider transaction did ACCO (ACCO) director Joseph B. Burton report?
How many ACCO Brands RSUs does Joseph B. Burton hold after this Form 4?
When do Joseph B. Burton’s new ACCO RSUs vest and settle?
Are Joseph B. Burton’s new ACCO RSUs part of a deferred compensation plan?
What type of security did Joseph B. Burton acquire in this ACCO Form 4?
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