ACCO director receives additional RSU award
ACCO BRANDS Corp director Joseph B. Burton received a grant of 2,735.3000 Restricted Stock Units tied to common stock.
Rhea-AI Filing Summary
ACCO BRANDS Corp director Joseph B. Burton received a grant of 2,735.3000 Restricted Stock Units tied to common stock. These RSUs were acquired under dividend equivalent provisions attached to his earned and outstanding RSU awards and increase his direct holdings to 110,686.6900 derivative-based units.
The RSUs were granted under the company’s Incentive Plan and have been deferred under the Deferred Compensation Plan for Non-Employee Directors. They either vest immediately or on the one-year anniversary of the grant date and convert into common shares upon the earlier of his death or disability, or when he leaves the Board.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,735.3 | $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 did ACCO (ACCO) director Joseph B. Burton report on this Form 4?
How many ACCO (ACCO) Restricted Stock Units does Joseph B. Burton hold after this transaction?
What is the nature of the RSUs granted to ACCO (ACCO) director Joseph B. Burton?
How were the new ACCO (ACCO) RSUs to Joseph B. Burton generated?
When do Joseph B. Burton’s ACCO (ACCO) RSUs vest and pay out?
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