Form 4: ACCO Brands Director Elizabeth A. Simermeyer Reports Acquisition of Restricted Stock Units

Director Elizabeth A. Simermeyer reports acquiring 144.8 Restricted Stock Units (RSUs) of ACCO Brands Corp due to dividend equivalent provisions.

Summary

• On March 27, 2024, Elizabeth A. Simermeyer, a director of ACCO Brands Corp, acquired 144.8 Restricted Stock Units (RSUs).
• The RSUs were acquired pursuant to the dividend equivalent provisions of her existing RSU awards.
• These RSUs are immediately vested or vest on the one-year anniversary of the grant date but are deferred under the Issuer's Deferred Compensation Plan for Non-Employee Directors.
• Each RSU represents the right to receive one share of ACCO Brands common stock upon death, disability, or cessation of service as a board member.
• Following the transaction, Simermeyer directly owns 10,959.8 shares of ACCO Brands common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to director compensation, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency regarding the transactions of company insiders. This filing indicates routine compensation adjustments for a board member.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine compensation adjustment.

Key Dates