4/A: Acuity Brands Director Corrects Stock Unit Transaction in Amended SEC Filing

Mark Sachleben, a director at Acuity Brands, files an amended SEC Form 4 to correct the number of stock units acquired in a transaction on January 22, 2025.

Summary

• Mark Sachleben, a director of Acuity Brands Inc., filed an amended Form 4 with the SEC on March 14, 2025, to correct an error in a previous filing.
• The amendment addresses the number of stock units acquired on January 22, 2025, under the company's Amended and Restated 2012 Omnibus Stock Incentive Compensation Plan.
• The original Form 4, filed on January 24, 2025, incorrectly reported the number of stock units as 321, while the corrected number is 397.
• These stock units are payable in shares upon retirement, either in a lump sum or in five annual installments.
• The accrual of 397 stock units resulted from Sachleben's election to receive a portion of his annual director fees in the form of deferred stock units.
• The number of DSUs received was calculated based on $328.00, which was the average of the high and low sales prices of a share of the Issuer's common stock on the five trading dates immediately preceding the date of grant.
• All other information in the original Form 4 remains unchanged.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in an SEC filing. It doesn't indicate any significant positive or negative developments for the company, but transparency is generally viewed favorably.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

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

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates