ACCO (ACCO) director Dvorak receives 6,821 deferred RSUs in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands director Kathleen S. Dvorak acquired 6,820.600 restricted stock units (RSUs) linked to common stock. The RSUs were credited under dividend equivalent provisions on her existing earned and outstanding RSU awards, meaning she received additional units instead of cash dividends.
The RSUs were granted under ACCO Brands' incentive plan for non-employee directors and are deferred under the company’s deferred compensation plan. They either vest immediately or on the one-year anniversary of the grant, and each unit converts into one share of common stock upon her death, disability, or when she leaves the board. After this grant, she holds 276,005.730 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DVORAK KATHLEEN S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,820.6 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 276,005.73 shares (Direct)
Footnotes (1)
- Represents Restricted Stock Units (RSUs) acquired pursuant to the dividend equivalent provisions of the Reporting Person's earned and outstanding RSU awards. 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.
FAQ
What insider transaction did ACCO director Kathleen Dvorak report on Form 4?
Kathleen S. Dvorak reported acquiring 6,820.600 restricted stock units in ACCO Brands. These RSUs were issued under dividend equivalent provisions tied to her existing RSU awards, increasing her deferred equity compensation position as a non-employee director of the company.
How many ACCO Brands RSUs does Kathleen Dvorak hold after this transaction?
After this transaction, Kathleen S. Dvorak holds 276,005.730 ACCO Brands restricted stock units. This total reflects her accumulated deferred equity awards as a non-employee director, including the 6,820.600 RSUs credited through dividend equivalent provisions on outstanding RSU awards.
What triggers payment of Kathleen Dvorak’s ACCO Brands RSUs?
Each RSU entitles Kathleen S. Dvorak to one ACCO Brands common share upon specific events. Payment occurs at the earlier of her death, disability, or when she ceases serving on the company’s board of directors, consistent with the deferred compensation plan for non-employee directors.
How do ACCO Brands dividend equivalent RSUs work for non-employee directors?
Dividend equivalent RSUs give non-employee directors additional stock units instead of cash dividends on existing RSU awards. For Kathleen Dvorak, 6,820.600 RSUs were credited this way, aligning her compensation with shareholder returns while keeping the awards deferred until specific separation or disability events.
When do Kathleen Dvorak’s newly acquired ACCO RSUs vest?
The RSUs either vest immediately or on the one-year anniversary of the grant date. Regardless of vesting, they are deferred under ACCO Brands’ deferred compensation plan, delivering one share of common stock per unit only upon death, disability, or board service cessation.