ACCO Brands (NYSE: ACCO) CFO gets stock awards, units settle
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands EVP and CFO Deborah O’Connor reported routine equity compensation activity. She received a grant of 161,065 restricted stock units that are scheduled to convert into common shares on March 11, 2029, if she remains employed, subject to plan acceleration provisions.
She was also granted 104,599 performance stock units for the 2023–2025 cycle, which were earned over a three-year performance period and became eligible to settle into common stock. Those 104,599 units were then exercised into 104,599 shares of common stock, and 30,611 of those shares were withheld at $3.635 per share to cover tax obligations. After these transactions, she directly holds 107,616 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
104,599 shares exercised/converted
Mixed
5 txns
Insider
OCONNOR DEBORAH A
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 161,065 | $0.00 | -- |
| Grant/Award | Performance Stock Units (2023-2025) | 104,599 | $0.00 | -- |
| Exercise | Performance Stock Units (2023-2025) | 104,599 | $0.00 | -- |
| Exercise | Common Stock | 104,599 | $0.00 | -- |
| Tax Withholding | Common Stock | 30,611 | $3.635 | $111K |
Holdings After Transaction:
Restricted Stock Units — 161,065 shares (Direct);
Performance Stock Units (2023-2025) — 104,599 shares (Direct);
Common Stock — 138,227 shares (Direct)
Footnotes (1)
- Reflects performance stock units ("PSUs") granted under the Issuer's Incentive Plan that were earned by the Reporting Person during a three-year performance period. Subject to the Reporting Person's continued employment, earned PSUs become eligible for settlement into shares of common stock upon the completion of the final performance period in the three-year cycle. 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, 2029, provided that the Reporting Person remains employed by the Issuer at that time, subject to acceleration as provided in said Plan.
FAQ
What insider transactions did ACCO (ACCO) CFO Deborah O’Connor report?
Deborah O’Connor reported equity compensation activity, including grants of restricted and performance stock units, the settlement of 104,599 performance units into common stock, and withholding of 30,611 shares to cover tax obligations, leaving her with 107,616 directly held common shares.
How many restricted stock units did ACCO (ACCO) grant to its CFO?
She received 161,065 restricted stock units. Each unit represents one share of ACCO Brands common stock, scheduled to be delivered on March 11, 2029, provided she remains employed and subject to possible acceleration under the company’s incentive plan.
What are the terms of ACCO (ACCO) CFO’s new performance stock units?
The CFO was granted 104,599 performance stock units tied to a 2023–2025 performance period. These units were earned over three years and then became eligible to settle into an equal number of common shares based on the company’s incentive plan.
When will the new ACCO (ACCO) restricted stock units vest for the CFO?
The 161,065 restricted stock units are scheduled to deliver one share of common stock each on March 11, 2029. Delivery depends on her continued employment with ACCO Brands and follows the acceleration and vesting provisions of the company’s incentive plan.