Tedford Thomas W 4

What Happened

• Thomas W. Tedford, President, CEO and Director of ACCO Brands (ACCO), had earned performance stock units (PSUs) settle and received a new RSU grant. On 2026-03-10, 219,916 earned PSUs were converted/settled (derivative exercise/conversion). To cover tax withholding, 64,437 shares were surrendered/disposed at $3.63 per share for approximately $234,228. On 2026-03-11 he was granted 644,258 restricted stock units (RSUs). These transactions are awards/settlements rather than open-market purchases or sales (other than the shares withheld for taxes).

Key Details

• Dates and amounts:
  • 2026-03-10: 219,916 PSUs exercised/converted (code M) — recorded as acquired/settled at $0.00 (derivative).
  • 2026-03-10: 64,437 shares disposed to pay taxes (code F) at $3.63 each = $234,228.
  • 2026-03-11: 644,258 RSUs granted (code A) at $0.00 (derivative award).
• Shares owned after transaction: Not stated in the Form 4 filing.
• Footnotes from the filing:
  • F1: The 219,916 PSUs were earned under the company’s Incentive Plan after a three-year performance period and became eligible for settlement.
  • F2: The 644,258 RSUs vest on March 11, 2029, subject to continued employment and plan terms.
• Timeliness: Form 4 filed 2026-03-12 for transactions on 2026-03-10 and 2026-03-11 — filing appears timely.

Context

• The PSU activity reflects settlement of performance-based awards; the tax-related disposal (code F) is a routine withholding/cashless settlement to satisfy tax obligations and is not an open-market sale for cash beyond the withholding. The RSUs granted on 3/11/26 vest in 2029 if Mr. Tedford remains employed. These award and withholding actions are standard executive compensation mechanics and do not by themselves indicate a buy or sell opinion about the company.