ACCO Brands (NYSE: ACCO) director receives 3,787.1000 deferred RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ACCO Brands Corp director Ronald M. Lombardi acquired 3,787.1000 Restricted Stock Units (RSUs) tied to dividend equivalent provisions on his earned and outstanding RSU awards. These RSUs were granted under the company’s incentive plan and are deferred under the Deferred Compensation Plan for Non-Employee Directors. Each RSU represents one share of common stock deliverable upon his death, disability, or when he ceases to serve on the Board. Following this award, he holds 153,252.2300 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lombardi Ronald M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,787.1 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 153,252.23 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) report for Ronald M. Lombardi?
Ronald M. Lombardi received 3,787.1000 Restricted Stock Units. The RSUs were credited as dividend equivalents on his existing RSU awards under ACCO Brands’ incentive and deferred compensation plans for non-employee directors.
How many ACCO (ACCO) Restricted Stock Units does Ronald M. Lombardi hold after this transaction?
After this transaction, Ronald M. Lombardi holds 153,252.2300 Restricted Stock Units. This total reflects his direct RSU position following the 3,787.1000-unit dividend equivalent award credited on his outstanding RSU grants.
What triggers payment of Ronald M. Lombardi’s ACCO (ACCO) Restricted Stock Units?
Each Restricted Stock Unit converts into one ACCO Brands common share upon the earlier of Lombardi’s death, disability, or when he ceases serving as a member of the Board of Directors, according to the plan terms.
Are Ronald M. Lombardi’s new ACCO (ACCO) RSUs immediately vested?
The RSUs are granted under the issuer’s incentive plan and may be immediately vested or vest on the one-year anniversary of the grant date. In all cases, they have been deferred under the Deferred Compensation Plan for Non-Employee Directors.
How were the new ACCO (ACCO) RSUs for Ronald M. Lombardi determined?
The 3,787.1000 RSUs were acquired under dividend equivalent provisions tied to Lombardi’s earned and outstanding RSU awards. Dividend equivalents credit additional RSUs in lieu of cash dividends on the underlying deferred stock units.