Dividend RSUs lift ACCO (NYSE: ACCO) director's deferred stock
Rhea-AI Filing Summary
ACCO Brands director E. Mark Rajkowski received a grant of 6,350.2 Restricted Stock Units (RSUs) on common stock. These RSUs were acquired under dividend equivalent provisions tied to his already earned and outstanding RSU awards and are a compensation-related award, not a market purchase.
The RSUs were granted under ACCO Brands' Incentive Plan and have been deferred under its Deferred Compensation Plan for Non-Employee Directors. They are either immediately vested or vest one year after grant and convert into common shares upon the earlier of his death, disability, or end of board service. Following this grant, his RSU balance reported in this filing is 256,970.5 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,350.2 | $0.00 | -- |
Footnotes (1)
- Represents Restricted Stock Units (RSUs) acquired pursuant to the dividend equivalent provisions of the Reporting Person's earned and outstanding RSU awards. 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 E. Mark Rajkowski report in this Form 4?
How were the 6,350.2 RSUs for ACCO (ACCO) director E. Mark Rajkowski generated?
When do E. Mark Rajkowski’s new ACCO (ACCO) RSUs vest and pay out?
Are the 6,350.2 ACCO (ACCO) RSUs a market purchase by the director?
How many ACCO (ACCO) Restricted Stock Units does E. Mark Rajkowski hold after this transaction?