ACCO SVP and CIO reports equity grants, tax withholding
ACCO BRANDS Corp senior vice president and CIO Daniel Paul reported routine equity compensation and related share movements.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 38,516 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Units (2023-2025) | 23,911 | $0.00 | $0.00 |
| Exercise | Performance Stock Units (2023-2025) | 23,911 | $0.00 | $0.00 |
| Exercise | Common Stock | 23,911 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,135 | $3.635 | $30K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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?
Did the ACCO (ACCO) insider make any open-market stock purchases or sales?
What are the terms of the ACCO (ACCO) restricted stock units granted to Daniel Paul?
What are ACCO (ACCO) performance stock units and how did they vest for Daniel Paul?
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