ACCO Brands (NYSE: ACCO) director receives 1,899 RSUs as deferred award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands Corp director Elizabeth A. Simermeyer received 1,899 Restricted Stock Units (RSUs) as an equity award. These RSUs were acquired under dividend equivalent provisions tied to her previously earned and outstanding RSU awards. Following this grant, she holds a total of 76,846.5 RSUs directly.
The RSUs were granted under ACCO Brands’ incentive plan for non-employee directors and are deferred under the company’s deferred compensation plan. Each RSU represents one share of common stock, deliverable upon her death, disability, or when she ceases serving on the Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Simermeyer Elizabeth A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,899 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 76,846.5 shares (Direct)
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 insider transaction did ACCO (ACCO) report for Elizabeth A. Simermeyer?
ACCO reported that director Elizabeth A. Simermeyer acquired 1,899 Restricted Stock Units. These units were issued as dividend equivalents on her previously earned RSU awards, increasing her total directly held RSUs to 76,846.5 under the company’s equity and deferred compensation plans.
How many ACCO (ACCO) Restricted Stock Units does Elizabeth A. Simermeyer hold after this filing?
After this RSU award, Elizabeth A. Simermeyer holds 76,846.5 Restricted Stock Units directly. This total includes the newly acquired 1,899 RSUs, all granted under ACCO Brands’ equity incentive arrangements for non-employee members of the Board of Directors.
What triggered the 1,899 RSU award reported for ACCO (ACCO) director Simermeyer?
The 1,899 RSUs were acquired through dividend equivalent provisions on Simermeyer’s previously earned and outstanding RSU awards. When ACCO Brands pays dividends, these provisions credit additional RSUs instead of cash, increasing the director’s deferred equity-based compensation balance.
When will the RSUs granted to ACCO (ACCO) director Simermeyer be delivered as common stock?
Each RSU represents the right to receive one ACCO common share upon the earlier of her death, disability, or when she stops serving on the Board. Some RSUs vest immediately or on the one-year anniversary, but all are deferred under the company’s non-employee director plan.
Is the ACCO (ACCO) Form 4 transaction a routine compensation grant?
Yes. The Form 4 shows a routine compensation-related acquisition of 1,899 RSUs by director Elizabeth A. Simermeyer. The award arises from plan-based dividend equivalents and deferred compensation arrangements, rather than discretionary open-market trading in ACCO Brands common stock.