Form 4: Acuity Brands Director Marcia J. Avedon Acquires Deferred Stock Units

Director Marcia J. Avedon of Acuity Brands acquired 534 deferred stock units as part of her director compensation.

Summary

• Marcia J. Avedon, a director at Acuity Brands, acquired 534 deferred stock units (DSUs) on January 22, 2025.
• These DSUs were granted as part of her director compensation, representing a portion of her annual director fees.
• The DSUs will vest in full on the first anniversary of the grant date, or the date of the next annual meeting of stockholders, whichever is earlier.
• Once vested, the DSUs will be payable upon retirement in either a lump sum or five annual installments.
• The number of DSUs was calculated based on a price of $328.00 per share, which was the average of the high and low sales prices of Acuity Brands' common stock on the five trading days preceding the grant date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of DSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The deferred stock units will vest on the first anniversary of the grant date or the next annual meeting of stockholders, whichever is earlier, and will be payable upon retirement.

Industry Context

This is a standard practice for director compensation, aligning their interests with the company's performance. It is common for companies to use stock-based compensation to incentivize directors.

Comparison to Industry Standards

• Many companies use deferred stock units as part of their director compensation packages.
• The vesting schedule and payout terms are typical for these types of grants.
• The valuation method, using the average of the high and low share prices over a period, is a common practice.

Stakeholder Impact

• The acquisition of DSUs by a director is generally viewed positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

Acuity Brands, Deferred Stock Units, Director Compensation, Form 4, Insider Trading, Marcia J. Avedon, AYI