McCormack Gregory J. 4
Research Summary
AI-generated summary
ACCO BRANDS SVP Gregory J. McCormack Receives Awards, Sells Shares
What Happened
- Gregory J. McCormack, SVP, Global Products & Operations of ACCO BRANDS Corp (ACCO), reported vesting/conversion and grant activity for equity awards and a small sale to cover tax withholding. The filing shows conversion/exercise and award entries totaling 105,395 derivative shares (reported at $0.00 per share) and a disposal of 11,728 common shares on 2026-03-10 at $3.63 each, generating $42,631 to satisfy tax obligations.
Key Details
- Transaction dates and types:
- 2026-03-10: Exercise/conversion of derivative (35,366 shares, $0.00) and a related grant/award entry (35,366 shares, $0.00). Also on 3/10, a disposal of 11,728 shares at $3.63 for $42,631 (code F — tax withholding/payment).
- 2026-03-11: Grant/award (70,029 shares, $0.00) reported as derivative awards.
- Reported monetary value: only the tax-withholding disposal shows proceeds of $42,631 (11,728 shares × $3.63).
- Shares owned after the transactions: not specified in this Form 4.
- Footnotes:
- F1: The PSUs were earned over a three‑year performance period and are eligible for settlement upon completion of that cycle.
- F2: The RSUs represent rights to receive one share each on March 11, 2029, subject to continued employment and plan terms.
- Timeliness: Form filed 2026-03-12 for transactions dated 2026-03-10 and 2026-03-11; this appears to be a timely Section 16 filing.
Context
- The $0.00 per-share entries reflect awards/conversions (PSUs/RSUs), not open-market purchases. The 11,728-share disposal is reported as tax withholding/payment (routine) rather than an opportunistic sale. For retail investors, award grants and PSU/RSU settlements are typically compensation-related events and do not by themselves signal a change in insider sentiment.