Form 4: Acuity Brands SVP Dianne S. Mills Reports Stock Transactions Following PSU Vesting
SEC Form 4 Filing
Dianne S. Mills, SVP & Chief HR Officer of Acuity Brands, reports the acquisition and disposal of company stock related to the vesting of performance stock units (PSUs) and tax liability coverage.
Summary
- Dianne S. Mills, SVP & Chief HR Officer at Acuity Brands, filed a Form 4 detailing changes in beneficial ownership.
- On October 25, 2024, Ms. Mills acquired 4,830 shares of common stock upon the vesting of performance stock units (PSUs) granted on October 25, 2021.
- These PSUs had a three-year performance period from September 1, 2021, to August 31, 2024.
- Also on October 25, 2024, 2,078 shares were disposed of at $303.09 to cover tax liabilities associated with the vesting of the PSUs.
- On October 26, 2024, 216 shares were disposed of at $303.09 to cover tax liabilities associated with the vesting of the PSUs.
- Following these transactions, Ms. Mills beneficially owns 11,857 shares of Acuity Brands common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 10/25/2021 | Date of grant for the performance stock units (PSUs). |
| 09/01/2021 | Start date of the three-year performance period for the PSUs. |
| 08/31/2024 | End date of the three-year performance period for the PSUs. |
| 10/24/2024 | Compensation and Management Development Committee certified the achievement of the performance measure and authorized the subsequent issuance of common stock underlying the PSUs. |
| 10/25/2024 | Acquisition of 4,830 shares upon PSU vesting and disposal of 2,078 shares for tax liability. |
| 10/26/2024 | Disposal of 216 shares for tax liability. |
| 10/29/2024 | Date of Form 4 filing. |
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