ACCO Brands (NYSE: ACCO) SVP awarded RSUs, exercises PSUs and covers taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands Corp senior vice president Gregory J. McCormack reported equity compensation and related tax withholding transactions. He received a grant of 70,029 Restricted Stock Units (RSUs) on March 11, 2026, each RSU eligible to convert into one share of common stock on March 11, 2029 if he remains employed.
On March 10, 2026, he was credited with 35,366 Performance Stock Units (PSUs) earned for the 2023–2025 performance period, then exercised those PSUs into an equal number of common shares. To cover tax obligations, 11,728 common shares were withheld at $3.635 per share. After these transactions, he directly owns 198,526 shares of common stock, in addition to the new RSU award.
Positive
- None.
Negative
- None.
Insider Trade Summary
35,366 shares exercised/converted
Mixed
5 txns
Insider
McCormack Gregory J.
Role
SVP, Global Products & Ops
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 70,029 | $0.00 | -- |
| Grant/Award | Performance Stock Units (2023-2025) | 35,366 | $0.00 | -- |
| Exercise | Performance Stock Units (2023-2025) | 35,366 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,728 | $3.635 | $43K |
| Exercise | Common Stock | 35,366 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 70,029 shares (Direct);
Performance Stock Units (2023-2025) — 35,366 shares (Direct);
Common Stock — 186,798 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 equity awards did ACCO (ACCO) executive Gregory McCormack receive?
Gregory McCormack received a grant of 70,029 Restricted Stock Units and earned 35,366 Performance Stock Units. The RSUs vest in 2029 subject to continued employment, while the earned PSUs became eligible for settlement into common shares after the 2023–2025 performance period.
When do Gregory McCormack’s ACCO RSUs from March 2026 vest?
The 70,029 RSUs granted to Gregory McCormack on March 11, 2026 are scheduled to settle into common stock on March 11, 2029. This is conditioned on his continued employment, with potential acceleration as provided under ACCO Brands’ Incentive Plan.
How many ACCO Performance Stock Units did Gregory McCormack earn?
Gregory McCormack earned 35,366 Performance Stock Units tied to the 2023–2025 performance period. These PSUs, granted under ACCO Brands’ Incentive Plan, became eligible for settlement into an equal number of common shares upon completion of the final performance period in the three-year cycle.
Did Gregory McCormack sell ACCO common stock in this Form 4?
The Form 4 shows a tax-withholding disposition of 11,728 common shares at $3.635 per share. This reflects shares withheld to satisfy tax liabilities on equity compensation, not an open-market sale initiated for investment reasons.
Are Gregory McCormack’s ACCO RSUs and PSUs part of an incentive plan?
Yes. Both the 70,029 RSUs and the 35,366 PSUs were granted under ACCO Brands’ Incentive Plan. The PSUs were earned over a three-year performance period, while the RSUs vest based on continued employment through March 11, 2029.