ACCO Brands Insider Activity: Routine RSU Awards Disclosed
Rhea-AI Filing Summary
ACCO Brands Corporation (ACCO) – Form 4 insider filing
On 06/18/2025, Executive Vice-President and President ACCO Brands International, Patrick Buchenroth, reported the award of two blocks of restricted stock units (RSUs) under the company’s incentive plan. No open-market purchases or sales of common stock were disclosed.
- 1,598.4 RSUs granted; each unit converts to one common share on 03/14/2026 if service conditions are met.
- 1,927.6 RSUs granted; each unit converts to one common share on 03/12/2027 subject to continued employment.
The filing cites dividend-equivalent provisions as the source of the incremental RSUs. Both awards are recorded at a conversion/exercise price of $0, reflecting their nature as equity compensation rather than market transactions.
Following the grants, Buchenroth’s beneficial ownership of derivative securities (unvested RSUs) increased to 74,699.7 units for the 2026 tranche and 90,083.8 units for the 2027 tranche, all held directly. The Form 4 includes standard Rule 10b5-1 language and was signed by an attorney-in-fact on 06/20/2025.
No changes to direct common-stock holdings, cash compensation, or any sale/disposition were reported. The transaction is routine equity compensation intended to align executive incentives with shareholder interests, with no immediate cash flow or EPS impact.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU grants; no cash impact—neutral for valuation.
The reported Form 4 details standard long-term incentive awards to a senior officer. Because the RSUs vest over one-to-two years and were issued at a zero exercise price, they have no immediate P&L or cash-flow effect. Dilution potential is negligible relative to ACCO’s ~96 million shares outstanding: the combined 3,526 RSUs represent less than 0.004% of shares, well within normal annual equity-compensation levels. Therefore, the filing carries neutral valuation impact and primarily signals ongoing alignment of management and shareholder interests.