Dividend RSUs lift ACCO (NYSE: ACCO) director's deferred stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands director E. Mark Rajkowski received a grant of 6,350.2 Restricted Stock Units (RSUs) on common stock. These RSUs were acquired under dividend equivalent provisions tied to his already earned and outstanding RSU awards and are a compensation-related award, not a market purchase.
The RSUs were granted under ACCO Brands' Incentive Plan and have been deferred under its Deferred Compensation Plan for Non-Employee Directors. They are either immediately vested or vest one year after grant and convert into common shares upon the earlier of his death, disability, or end of board service. Following this grant, his RSU balance reported in this filing is 256,970.5 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RAJKOWSKI E MARK
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,350.2 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 256,970.5 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 did ACCO (ACCO) director E. Mark Rajkowski report in this Form 4?
He reported acquiring 6,350.2 Restricted Stock Units (RSUs) tied to ACCO Brands common stock. These RSUs arose from dividend equivalent provisions on his earned and outstanding RSU awards and increase his total reported RSU holdings to 256,970.5 units.
How were the 6,350.2 RSUs for ACCO (ACCO) director E. Mark Rajkowski generated?
The 6,350.2 RSUs were acquired through dividend equivalent provisions attached to his existing, earned RSU awards. Instead of receiving cash dividends, he received additional RSUs that mirror dividend payments on ACCO Brands’ common stock held through prior RSU grants.
When do E. Mark Rajkowski’s new ACCO (ACCO) RSUs vest and pay out?
The RSUs are either immediately vested or vest on the one-year anniversary of the grant date. However, payout in common stock is deferred until the earlier of his death, disability, or cessation of service as a member of ACCO Brands’ Board of Directors.
Are the 6,350.2 ACCO (ACCO) RSUs a market purchase by the director?
No, they are not a market purchase. The filing classifies the transaction as a grant or award acquisition of RSUs, with a price per unit of $0.0000, reflecting compensation awarded under ACCO Brands’ incentive and deferred compensation plans for non-employee directors.
How many ACCO (ACCO) Restricted Stock Units does E. Mark Rajkowski hold after this transaction?
After this transaction, he holds 256,970.5 RSUs according to the filing. This total includes the newly acquired 6,350.2 RSUs and represents his direct RSU position that may settle in ACCO Brands common stock when distribution conditions are met.