Insider Update: ACCO Brands Board Member Receives Dividend RSUs

Rhea-AI Filing Summary

Form 4 filing overview – ACCO Brands Corporation (ACCO)

On 18 June 2025, non-employee director Kathleen S. Dvorak acquired 5,541.2 restricted stock units (RSUs) under dividend-equivalent provisions of previously earned awards. The transaction, reported on 20 June 2025, was booked at $0 cost and was effected under the company’s Incentive Plan and Deferred Compensation Plan for Non-Employee Directors. After the dividend-equivalent credit, Dvorak’s total derivative holdings rose to 258,959.03 RSUs, all held directly.

The RSUs are either immediately vested or vest after one year, but remain deferred until the earlier of the director’s death, disability, or departure from the board, at which time each unit converts 1-for-1 into ACCO common shares. No open-market purchases or sales of common stock were reported, and there is no cash consideration involved. The filing signals continued equity alignment but is not a discretionary share purchase.

Positive

• Director equity alignment strengthened: beneficial ownership rises to 258,959 RSUs, reinforcing long-term incentives.

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, automatic RSU credit to director; neutral financial impact.

The 5,541-unit RSU accrual represents less than 3 % of Ms. Dvorak’s existing deferred share balance and involves no cash outlay, buyback, or market purchase. Because it stems from dividend-equivalent mechanics, the event does not change the company’s treasury position nor signal insider conviction through voluntary buying. Nevertheless, incremental ownership maintains board-management alignment, a mild governance positive. From a valuation or liquidity standpoint, the filing is immaterial and unlikely to influence share price.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DVORAK KATHLEEN S

(Last) (First) (Middle)

C/O ACCO BRANDS CORPORATION

(Street)

LAKE ZURICH IL 60047

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ACCO BRANDS Corp [ ACCO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	06/18/2025		A		5,541.2(1)		(2)	(2)	Common Stock	5,541.2	$0	258,959.03	D

Explanation of Responses:

1. Represents Restricted Stock Units (RSUs) acquired pursuant to the dividend equivalent provisions of the Reporting Person's earned and outstanding RSU awards.

2. 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.

	/s/ Pamela R. Schneider, Attorney-in-fact for Kathleen S. Dvorak	06/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did ACCO director Kathleen S. Dvorak report in the Form 4?

An automatic credit of 5,541.2 RSUs on 18 Jun 2025 linked to dividend-equivalent provisions.

Did the filing involve any open-market purchase or sale of ACCO shares?

No. The reported transaction was a non-cash RSU acquisition; no shares were bought or sold.

How many ACCO derivative securities does the director now hold?

Following the transaction, Dvorak beneficially owns 258,959.03 RSUs directly.

When do the newly credited RSUs vest or convert to shares?

They are vested or vest in one year but convert to common stock upon death, disability, or board departure.

Is this Form 4 filing expected to impact ACCO’s stock price?

The event is considered immaterial; analysts view the price impact as negligible.