Acuity (NYSE: AYI) director takes fees as 546 deferred stock units
Rhea-AI Filing Summary
Acuity Brands director Michael J. Bender received 546 Deferred Restricted Stock Units (DSUs) on January 21, 2026. These derivative awards were acquired at a stated price of $0 per unit as part of his annual director compensation.
The DSUs were issued under Acuity’s Amended and Restated 2012 Omnibus Stock Incentive Compensation Plan following Bender’s election to take a portion of his director fees in DSUs rather than cash. Each DSU is exchangeable on a 1‑for‑1 basis for a share of Acuity common stock.
The DSUs will vest in full on the first anniversary of the grant date, or earlier if the next annual stockholder meeting occurs sooner. After vesting, they will be paid out upon Bender’s retirement, either in a lump sum or in five annual installments. The number of DSUs granted was based on a reference stock price of $320.59, calculated as the average of the high and low trading prices over the five trading days before the grant.
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FAQ
What did Acuity Inc. (AYI) disclose in this Form 4 for Michael J. Bender?
The filing shows that director Michael J. Bender acquired 546 Deferred Restricted Stock Units (DSUs) on January 21, 2026 as part of his annual director compensation, increasing his beneficial holdings of this derivative security to 546 units.
How many Acuity (AYI) deferred stock units did the director receive and at what price?
Bender received 546 DSUs in a single acquisition transaction coded "A". The DSUs are shown with a transaction price of $0 per unit, reflecting their nature as equity compensation rather than a market purchase.
How were the 546 DSUs for Acuity Inc. (AYI) calculated?
The number of DSUs was determined using a reference price of $320.59 per share, which was the average of the high and low sales prices of Acuity common stock over the five trading days immediately before the grant date. A portion of Bender’s director fees was converted into DSUs using this price.
When do Michael J. Bender’s Acuity (AYI) DSUs vest and when are they paid?
The 546 DSUs will vest in full on the first anniversary of the January 21, 2026 grant date, or earlier if the next annual stockholder meeting occurs sooner. Once vested, they will be payable upon Bender’s retirement, either in a lump sum or in five annual installments.
What plan governs the DSUs reported by Acuity Inc. (AYI) for its director?
The DSUs were issued under Acuity’s Amended and Restated 2012 Omnibus Stock Incentive Compensation Plan after Bender elected to receive a portion of his annual director fees in the form of DSUs rather than cash.
Are the Acuity (AYI) DSUs held directly or indirectly by the director?
The filing shows the 546 DSUs as directly owned by Michael J. Bender, with the ownership form listed as "D" (direct) and no indirect ownership entity noted in the nature of ownership field.