[Form 4] Acco Brands Corporation Insider Trading Activity

Rhea-AI Filing Summary

ACCO Brands Corporation (ticker: ACCO) filed a Form 4 on 20 June 2025 disclosing that independent director Graciela Monteagudo acquired 4,050 Restricted Stock Units (RSUs) on 18 June 2025. The RSUs were issued at a cost basis of $0 as dividend-equivalent awards linked to previously earned RSUs under the company’s Incentive Plan.

The newly credited RSUs are either immediately vested or vest after one year, but in all cases are deferred under ACCO’s Deferred Compensation Plan for Non-Employee Directors. Each unit entitles the holder to receive one share of common stock upon the earlier of the director’s death, disability, or departure from the Board.

After the transaction, Monteagudo now directly holds 189,269.65 derivative securities (RSUs). No open-market purchases, sales, or cash considerations were involved, and no non-derivative share movement was reported. The filing reflects routine board compensation accrual rather than a signal of insider sentiment or a material change to the company’s share structure.

Positive

• Director received 4,050 additional RSUs, modestly increasing insider equity alignment with shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine RSU accrual; neutral for valuation and liquidity.

This Form 4 records a standard dividend-equivalent credit of 4,050 RSUs to Director Monteagudo. Because the units were granted at $0 and are deferred until board departure, there is no immediate cash outflow or dilution pressure on ACCO. The additional 4,050 shares increase the director’s alignment with shareholders, but the magnitude—less than 0.01% of ACCO’s outstanding shares—is immaterial to market supply-demand dynamics. Therefore the event is best classified as administratively neutral for investors.

Corporate Governance Specialist

TL;DR: Governance-aligned compensation; negligible investor impact.

The RSU issuance follows ACCO’s established Deferred Compensation Plan, reinforcing long-term incentives and maintaining director-shareholder alignment. Because vesting is deferred and settlement occurs only upon board exit or specified events, the arrangement encourages continued service without immediate dilution. No red flags or unusual clauses are present, and the transaction does not alter control dynamics. Overall governance implications are positive but not material enough to sway investment decisions.

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
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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^*

Monteagudo Graciela

(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		4,050(1)		(2)	(2)	Common Stock	4,050	$0	189,269.65	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 Graciela Monteagudo	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).
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FAQ

What insider activity did ACCO report on 20 June 2025?

Director Graciela Monteagudo acquired 4,050 RSUs at a cost basis of $0 as dividend-equivalent compensation.

How many ACCO shares does the director now beneficially own after the transaction?

The Form 4 shows 189,269.65 RSUs are now held directly.

Were any shares of ACCO bought or sold on the open market?

No. The filing reports an automatic RSU credit; there were no open-market purchases or sales.

When will the newly granted RSUs vest or convert to ACCO common stock?

They are either immediately vested or vest after one year, but conversion to shares occurs only upon death, disability, or Board departure.

Does this Form 4 suggest a change in ACCO’s share count or dilution?

Dilution impact is immaterial; 4,050 units represent less than 0.01% of shares outstanding.