Form 4: Accenture Director Gilles Pelisson Receives Additional Restricted Share Units

Director Gilles Pelisson received 5 Class A ordinary shares from Accenture plc due to anti-dilution provisions related to a cash dividend payment.

Summary

• On May 15, 2024, Gilles Pelisson, a director of Accenture plc, acquired 5 Class A ordinary shares.
• These shares were granted as Restricted Share Units (RSUs) under anti-dilution provisions of previously granted RSU awards, reflecting Accenture's payment of a cash dividend.
• Following the transaction, Mr. Pelisson directly owns 4,483 Class A ordinary shares.
• Mr. Pelisson also indirectly owns 6,951 Class A ordinary shares through a holding entity over which he has investment control, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
• The transaction was reported on May 17, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and anti-dilution measures, indicating stability and adherence to standard corporate practices. There are no apparent negative implications.

Positives

• The receipt of additional shares due to anti-dilution provisions protects the value of Mr. Pelisson's existing RSU holdings in light of the cash dividend payment.

Industry Context

This filing is a routine disclosure related to executive compensation and is common for publicly traded companies like Accenture. It reflects adjustments made to equity awards to maintain their value in light of corporate actions such as dividend payments.

Comparison to Industry Standards

• Granting RSUs to executives is a standard practice among large, publicly traded companies like Accenture, comparable to companies such as IBM, Microsoft, and Deloitte.
• Anti-dilution provisions are also common in RSU agreements to protect the value of the awards when dividends are issued, ensuring executives are not negatively impacted by such corporate actions.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment to executive compensation.
• Shareholders may view the anti-dilution provision positively, as it ensures executives' interests are aligned with maintaining shareholder value.

Key Dates