ACCO (ACCO) SVP and CIO receives stock units, settles PSUs into shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO BRANDS Corp senior vice president and CIO Daniel Paul reported routine equity compensation and related share movements. He received 23,911 Performance Stock Units (2023–2025) that were earned over a three-year performance period and became eligible to settle into the same number of common shares.
He exercised these 23,911 performance stock units into common stock and had 8,135 common shares withheld at $3.635 per share to cover tax obligations, leaving him with 30,061.47 common shares held directly and 5,194 shares held indirectly in a 401(k) plan. Separately, he received a grant of 38,516 Restricted Stock Units, each convertible into one share of common stock on March 11, 2029 if he remains employed, subject to plan terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
23,911 shares exercised/converted
Mixed
6 txns
Insider
Daniel Paul P
Role
SVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 38,516 | $0.00 | -- |
| Grant/Award | Performance Stock Units (2023-2025) | 23,911 | $0.00 | -- |
| Exercise | Performance Stock Units (2023-2025) | 23,911 | $0.00 | -- |
| Exercise | Common Stock | 23,911 | $0.00 | -- |
| Tax Withholding | Common Stock | 8,135 | $3.635 | $30K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 38,516 shares (Direct);
Performance Stock Units (2023-2025) — 23,911 shares (Direct);
Common Stock — 38,196.47 shares (Direct);
Common Stock — 5,194 shares (Indirect, In 401(k) Plan)
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) SVP and CIO Daniel Paul receive?
Daniel Paul received 23,911 performance stock units earned over a three-year period and a separate grant of 38,516 restricted stock units. Each unit represents the right to receive one share of ACCO common stock, subject to continued employment and incentive plan conditions.
Did the ACCO (ACCO) insider make any open-market stock purchases or sales?
No open-market purchases or sales were reported. The filing shows grants of performance and restricted stock units, an option-style exercise converting units to common stock, and shares withheld to cover tax obligations, rather than discretionary buying or selling on the open market.
What are the terms of the ACCO (ACCO) restricted stock units granted to Daniel Paul?
The restricted stock units were granted under ACCO’s incentive plan, with each unit representing one share of common stock. They are scheduled to settle into shares on March 11, 2029, provided Daniel Paul remains employed, with possible acceleration as outlined in the plan.
What are ACCO (ACCO) performance stock units and how did they vest for Daniel Paul?
The performance stock units were granted under ACCO’s incentive plan and earned over a three-year performance period. Once earned, they became eligible to settle into 23,911 shares of common stock upon completion of the final performance period, contingent on continued employment.