ACCO BRANDS Corp·4

Mar 12, 6:10 PM ET

Daniel Paul P 4

Research Summary

AI-generated summary

Updated

ACCO SVP/CIO Daniel Paul Exercises Awards and Sells Shares

What Happened

  • Daniel Paul, Senior VP and Chief Information Officer of ACCO Brands (ACCO), had performance awards settle and received new restricted stock units. On 2026-03-10 he had 23,911 performance stock units (PSUs) convert into shares; 8,135 of those shares were surrendered/withheld to cover tax liability (disposed) at $3.63 per share for a tax withholding value of $29,571. On 2026-03-11 he was granted 38,516 restricted stock units (RSUs). The PSU conversion and RSU grant are award-based transactions (not open-market purchases).

Key Details

  • Transaction dates: PSU conversion and withholding on 2026-03-10; RSU grant on 2026-03-11. Withheld shares disposed at $3.63 each, totaling $29,571.
  • Shares received: 23,911 shares from PSU settlement (reported) and a grant of 38,516 RSUs (totaling 62,427 award-related shares reported). 8,135 shares were withheld to satisfy tax obligations.
  • Shares owned after transaction: Not specified in the filing excerpt.
  • Footnotes: F1 = PSUs earned under a three‑year performance period and eligible for settlement after that period. F2 = RSUs representing the right to one share each, vesting/settlement on March 11, 2029, subject to continued employment.
  • Filing timeliness: Form filed 2026-03-12 for transactions dated 2026-03-10/11 — appears to be filed within the standard two-business-day window.

Context

  • These transactions are award settlements and a routine tax-withholding share surrender (code F), not an open-market sale for cash. Withholding to cover taxes is common when stock awards vest and does not necessarily indicate a discretionary sale by the insider.