Form 4: ACCO Brands Corp: Officer James Dudek Reports Stock Transactions
SEC Form 4 Filing
James Dudek, SVP, Corp Controller and CAO of ACCO Brands Corp, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On March 3, 2024, James Dudek, SVP, Corp Controller and CAO of ACCO Brands Corp, had 6,803 Restricted Stock Units (RSUs) vest.
- Upon vesting, these RSUs converted into 6,803 shares of ACCO Brands Corp common stock.
- Also on March 3, 2024, Dudek disposed of 1,995 shares of common stock at a price of $5.545 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these transactions, Dudek directly owns 19,995 shares of ACCO Brands Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects standard insider trading activity related to compensation, with no indication of unusual or concerning events.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's a standard practice for executives to receive stock-based compensation and subsequently sell shares to cover taxes.
Key Dates
| Date | Description |
|---|---|
| 03/03/2024 | Date of earliest transaction: Vesting of Restricted Stock Units and disposition of shares for tax obligations. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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