Form 4: ACCO Brands Corp Executive Receives Restricted Stock Units

Deborah A. O'Connor, EVP and CFO of ACCO Brands Corp, was granted restricted stock units under the company's incentive plan.

Summary

• Deborah A. O'Connor, the Executive Vice President and Chief Financial Officer of ACCO Brands Corp, received multiple grants of restricted stock units (RSUs) on December 11, 2024.
• These RSUs are part of the company's incentive plan and will vest on May 2, 2025, March 14, 2026, and March 12, 2027, provided she remains employed by the company.
• The grants include 464.1 RSUs vesting in 2025, 1074.9 RSUs vesting in 2026, and 1049.3 RSUs vesting in 2027.
• The RSUs represent the right to receive one share of ACCO Brands Corp common stock per unit on the respective vesting dates.
• The total value of the shares at the time of grant was $38,335.32 for the 2025 vesting, $88,784.5 for the 2026 vesting, and $86,675.4 for the 2027 vesting.
• The RSU grants also include dividend equivalent provisions.

Sentiment

Score: 7

Explanation: The document reflects a standard corporate practice of executive compensation, which is generally viewed positively as it aligns executive interests with shareholder value. There are no negative implications.

Positives

• The grant of RSUs aligns the executive's interests with those of the shareholders by incentivizing long-term performance.
• The vesting schedule encourages continued employment of the CFO.

Risks

• The value of the RSUs is subject to the fluctuation of the company's stock price.
• The executive must remain employed by the company to receive the shares on the vesting dates.

Future Outlook

The document outlines the vesting schedule for the granted RSUs, contingent on the executive's continued employment.

Industry Context

The granting of restricted stock units is a common practice in corporate compensation to align executive interests with shareholder value and encourage long-term commitment.

Comparison to Industry Standards

• Granting restricted stock units is a standard practice for executive compensation across various industries, including companies like Newell Brands and Stanley Black & Decker, which also use similar incentive plans.
• The vesting schedules are typical, with multi-year vesting periods to ensure long-term alignment with company goals.
• The value of the grants is consistent with compensation packages for executives at similar levels in comparable companies.

Stakeholder Impact

• Shareholders may view the RSU grants positively as they incentivize executive performance and long-term commitment.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Restricted Stock Units, RSU, Incentive Plan, Stock Options, Executive Compensation, ACCO Brands Corp, Deborah A. O'Connor, CFO