Spijkervet Ard-Jen 4
Research Summary
AI-generated summary
ACCO (ACCO) SVP Ard-Jen Spijkervet Exercises PSUs, Receives RSU Grant
What Happened
- Ard-Jen Spijkervet, SVP & President International of ACCO Brands, converted/settled performance awards and received new restricted stock units. On 2026-03-10 she exercised/converted 12,456 performance stock units (PSUs) into shares (exercise price $0). To cover tax withholding, 6,167 shares were disposed at $3.63 per share for a total withholding of $22,417. On 2026-03-11 she was granted 77,031 restricted stock units (RSUs) (no cash purchase).
Key Details
- Transaction dates: 2026-03-10 (PSU conversion and tax withholding) and 2026-03-11 (RSU grant).
- Tax withholding: 6,167 shares withheld at $3.63 = $22,417 (code F).
- Award amounts/prices: 12,456 shares converted/settled (code M/A) at $0; 77,031 RSUs granted (code A) at $0.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 = PSUs earned over a three-year performance period and eligible for settlement after that period. F2 = RSUs vest on March 11, 2029, subject to continued employment.
- Filing timeliness: Report period 2026-03-10, Form filed 2026-03-12 — appears timely (filed within required reporting window).
Context
- These were award-related transactions, not open-market purchases or strategic sales. The PSU conversion followed plan rules and some shares were withheld to satisfy tax obligations (a common practice). The RSU grant is time‑based compensation that vests in 2029 if employment continues. Transaction codes: A = award/grant, M = exercise/conversion of a derivative, F = shares withheld for taxes.