ACCO BRANDS (NYSE: ACCO) director receives 4,985 RSUs under incentive plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO BRANDS Corp director Graciela Monteagudo reported an acquisition of 4,985.1 Restricted Stock Units (RSUs). These RSUs were credited under dividend equivalent provisions tied to her earned and outstanding RSU awards and are granted under the company’s incentive plan.
The RSUs are immediately vested or vest after one year, but have been deferred under the deferred compensation plan for non-employee directors. Each RSU will convert into one share of common stock upon her death, disability, or when she leaves the board. Following this grant, she holds 201,728.85 RSUs or equivalent underlying shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Monteagudo Graciela
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,985.1 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 201,728.85 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 (ACCO) director Graciela Monteagudo report?
Director Graciela Monteagudo reported acquiring 4,985.1 Restricted Stock Units. These units arose from dividend equivalent provisions on her existing RSU awards and are part of ACCO BRANDS Corp’s incentive plan for non-employee directors, rather than an open-market share purchase.
What are the terms of the RSUs reported by ACCO (ACCO) director Monteagudo?
The RSUs are granted under ACCO’s incentive plan and are either immediately vested or vest one year after grant. They are deferred under the deferred compensation plan and each RSU represents one share of common stock payable at death, disability, or board service cessation.
Is the ACCO (ACCO) Form 4 transaction an open-market buy or a compensation grant?
The Form 4 reflects a compensation-related grant, not an open-market purchase. The 4,985.1 RSUs were acquired via dividend equivalent provisions and plan grants, recorded at a transaction price of $0.00 per unit, consistent with non-cash equity compensation.
When will the RSUs in ACCO (ACCO) director Monteagudo’s Form 4 convert into common stock?
Each RSU will convert into one share of ACCO common stock upon the earlier of her death, disability, or when she stops serving on the board. Until then, the awards remain deferred under the company’s deferred compensation plan for non-employee directors.
How is vesting handled for the ACCO (ACCO) RSUs reported by director Monteagudo?
The RSUs either vest immediately or on the one-year anniversary of the grant date, as described in the plan terms. Regardless of vesting, delivery of the underlying common shares is deferred until death, disability, or cessation of board service.