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

Director Elizabeth A. Simermeyer reports acquiring 505.7 Restricted Stock Units (RSUs) of ACCO Brands Corp due to dividend equivalent provisions.

Summary

• On September 4, 2024, Elizabeth A. Simermeyer, a director of ACCO Brands Corp, reported acquiring 505.7 Restricted Stock Units (RSUs).
• The RSUs were acquired pursuant to the dividend equivalent provisions of the reporting person's earned and outstanding RSU awards.
• These RSUs are immediately vested or vest on the one-year anniversary of the grant date but have been 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 the earlier of the reporting person's death or disability, or cessation of service as a member of the Board of Directors.
• Following the transaction, Simermeyer beneficially owns 36,581.6 shares of ACCO Brands Corp.

Sentiment

Score: 5

Explanation: This is a neutral report on an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Future Outlook

The RSUs will convert to common stock upon the earlier of the reporting person's death or disability, or cessation of service as a member of the Board of Directors.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors and their holdings in the company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine part of director compensation.
• It provides transparency to shareholders regarding the holdings of company insiders.

Key Dates