ACCO BRANDS (ACCO) director adds 6,118 RSUs via dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO BRANDS director Pradeep Jotwani acquired 6,118.6000 Restricted Stock Units (RSUs) through dividend-equivalent provisions tied to his earned and outstanding RSU awards. Following this award, his RSU balance increased to 247,601.0700 units.
The RSUs were granted under ACCO BRANDS' Incentive Plan and are either immediately vested or vest on the one-year anniversary of the grant date. All of these RSUs have been deferred under the company’s Deferred Compensation Plan for Non-Employee Directors. Each RSU represents the right to receive one share of ACCO BRANDS common stock upon the earlier of his death or disability, or when he ceases to serve on the Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jotwani Pradeep
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,118.6 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 247,601.07 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 Pradeep Jotwani report?
Director Pradeep Jotwani reported acquiring 6,118.6000 Restricted Stock Units. These RSUs were issued as dividend equivalents on his existing earned and outstanding RSU awards and increase his total RSU holdings to 247,601.0700 units.
How were the new ACCO (ACCO) RSUs for Pradeep Jotwani generated?
The 6,118.6000 new Restricted Stock Units were acquired under dividend equivalent provisions. These provisions credit additional RSUs when dividends are paid on ACCO BRANDS common stock, preserving the economic value of the director’s existing RSU awards.
When do Pradeep Jotwani’s ACCO (ACCO) RSUs vest and pay out?
The RSUs either vest immediately or on the one-year anniversary of the grant date. Payment of one share of common stock per RSU occurs upon the earlier of Jotwani’s death, disability, or his cessation of service on ACCO BRANDS’ Board of Directors.
Under which plans were the new ACCO (ACCO) RSUs for Jotwani granted and deferred?
The Restricted Stock Units were granted under ACCO BRANDS’ Incentive Plan and then deferred under its Deferred Compensation Plan for Non-Employee Directors. This structure allows value to accumulate while tying payout to the end of the director’s board service or other specified events.
Does the ACCO (ACCO) Form 4 indicate any insider selling activity?
No selling activity is reported in this Form 4. The filing shows only an acquisition of 6,118.6000 Restricted Stock Units by director Pradeep Jotwani, increasing his deferred equity-based compensation without any dispositions or open-market sales.