Form 4: ACCO Brands Executive Chairman Boris Elisman Reports Stock Transactions
SEC Form 4 Filing
Boris Elisman, Executive Chairman of ACCO Brands, reports the disposition of shares to cover tax obligations and the vesting of restricted stock units.
Summary
- On March 3, 2024, Boris Elisman, the Executive Chairman of ACCO Brands, reported transactions involving ACCO Brands common stock.
- These transactions included the vesting of 95,219 Restricted Stock Units (RSUs) and the subsequent disposition of shares to cover tax obligations.
- A total of 39,526 shares were disposed of at a price of $5.545 per share to satisfy tax withholding requirements.
- Following these transactions, Elisman directly owns 1,424,775 shares of ACCO Brands common stock and indirectly owns 8,466 shares held in a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership, but the overall impact is likely minimal as it relates to standard executive compensation practices.
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 on the Form 4 filing. |
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