ACCO Brands (NYSE: ACCO) director adds 5,494 RSUs, total holdings 222,331
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands Corp director Robert J. Keller reported receiving 5,494.2 Restricted Stock Units (RSUs) as an acquisition. These RSUs were credited under dividend-equivalent provisions tied to his earned and outstanding RSU awards and carry no cash exercise price.
The RSUs were granted under the company’s incentive plan for non-employee directors and are deferred under the deferred compensation plan. Each RSU represents one share of common stock, deliverable upon the earlier of Keller’s death, disability, or when he ceases serving on the board. Following this grant, he holds 222,331.87 units directly, indicating a routine, compensation-related increase in his equity-based position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Keller Robert J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,494.2 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 222,331.87 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 Robert J. Keller report in this Form 4?
Robert J. Keller reported acquiring 5,494.2 Restricted Stock Units. These units were credited as dividend equivalents on his existing RSU awards and granted under ACCO Brands’ incentive plan for non-employee directors, increasing his deferred equity-based compensation position in the company.
How many ACCO (ACCO) Restricted Stock Units does Robert J. Keller hold after this transaction?
After the transaction, Robert J. Keller holds 222,331.87 Restricted Stock Units. This total reflects his direct position in RSUs following the 5,494.2-unit dividend-equivalent grant, providing a sense of scale for the size of this routine compensation-related award.
What do the ACCO (ACCO) RSUs granted to Robert J. Keller represent?
Each Restricted Stock Unit represents the right to receive one share of ACCO Brands common stock. Delivery occurs upon the earlier of Keller’s death, disability, or when he stops serving as a board member, aligning director compensation with long-term shareholder interests over his service period.
Are the ACCO (ACCO) RSUs granted to Robert J. Keller immediately vested?
The RSUs either vest immediately or on the one-year anniversary of the grant date. In both cases, they have been deferred under ACCO Brands’ Deferred Compensation Plan for Non-Employee Directors, meaning actual common shares are delivered only upon specific future separation or hardship events.
Did Robert J. Keller pay cash for the ACCO (ACCO) RSUs reported in this filing?
No cash was paid for these RSUs; the per-unit price is reported as 0.0000. The units were acquired through the company’s compensation arrangements, including dividend-equivalent provisions and its incentive and deferred compensation plans for non-employee directors.