Form 4: ACCO Brands Executive VP Patrick Buchenroth Reports Stock Transactions

Patrick Buchenroth, Executive VP and President of ACCO Brands International, reports the disposition of shares to cover tax obligations upon vesting of restricted stock units.

Summary

• On March 3, 2024, Patrick Buchenroth, an Executive VP at ACCO Brands Corp, disposed of 5,663 shares of common stock at a price of $5.545 per share to cover tax obligations.
• He also acquired 20,405 shares of common stock upon the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Following these transactions, Buchenroth directly owns 176,174 shares of ACCO Brands Corp.
• The transactions were related to the vesting of RSUs granted under the Issuer's Incentive Plan, where each RSU represents the right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about an executive's stock activity.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.

Comparison to Industry Standards

• Executive stock transactions are a common occurrence in publicly traded companies like ACCO Brands.
• Similar filings are made by executives at comparable companies such as Newell Brands (NWL) and Stanley Black & Decker (SWK) when they engage in stock transactions.
• The reporting requirements are standardized by the SEC, ensuring transparency across the industry.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related stock sales.
• The filing provides transparency to shareholders regarding executive stock ownership.

Key Dates