Form 4: Acuity Brands Director Maya Leibman Acquires Deferred Stock Units

Director Maya Leibman acquired 534 deferred stock units (DSUs) of Acuity Brands, Inc. as part of her director compensation.

Summary

• Maya Leibman, a director at Acuity Brands, Inc., received 534 deferred stock units (DSUs) on January 22, 2025.
• These DSUs were granted as part of her annual director fees, with the number of units calculated based on a stock price of $328.00.
• The DSUs will vest on the first anniversary of the grant date or the next annual meeting, whichever is earlier.
• Upon vesting, the DSUs will be payable upon retirement in either a lump sum or five annual installments.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed as neutral to slightly positive as it aligns director interests with shareholders.

Positives

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

Future Outlook

The DSUs will vest on the first anniversary of the grant date or the next annual meeting, and will be payable upon retirement.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Granting deferred stock units to directors is a common practice among publicly traded companies to align their interests with shareholders.
• Many companies use similar vesting schedules, often tied to the anniversary of the grant date or the next annual meeting.
• The use of a stock price average over a period of time to calculate the number of units is also a common practice to avoid price volatility.

Stakeholder Impact

• The granting of DSUs to a director aligns their interests with shareholders, potentially leading to better long-term decision-making.

Key Dates

Keywords

Acuity Brands, Deferred Stock Units, DSUs, Director Compensation, Stock Incentive Plan, Maya Leibman, SEC Form 4