ACCO director granted 5,494 RSUs in Form 4
ACCO Brands Corp director Robert J. Keller reported receiving 5,494.2 Restricted Stock Units (RSUs) as an acquisition.
Rhea-AI Filing Summary
ACCO Brands Corp director Robert J. Keller reported receiving 5,494.2 Restricted Stock Units (RSUs) as an acquisition. These RSUs were credited under dividend-equivalent provisions tied to his earned and outstanding RSU awards and carry no cash exercise price.
The RSUs were granted under the company’s incentive plan for non-employee directors and are deferred under the deferred compensation plan. Each RSU represents one share of common stock, deliverable upon the earlier of Keller’s death, disability, or when he ceases serving on the board. Following this grant, he holds 222,331.87 units directly, indicating a routine, compensation-related increase in his equity-based position.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,494.2 | $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 Robert J. Keller report in this Form 4?
How many ACCO (ACCO) Restricted Stock Units does Robert J. Keller hold after this transaction?
What do the ACCO (ACCO) RSUs granted to Robert J. Keller represent?
Are the ACCO (ACCO) RSUs granted to Robert J. Keller immediately vested?
Did Robert J. Keller pay cash for the ACCO (ACCO) RSUs reported in this filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.