Spijkervet Ard-Jen 4
Research Summary
AI-generated summary
ACCO Brands SVP Ard-Jen Spijkervet Exercises RSUs; 8,312 Shares Withheld
What Happened
- Ard-Jen Spijkervet, Senior VP and President International of ACCO Brands (ACCO), had 16,790 restricted stock units (RSUs) convert to common shares on March 14, 2026. The RSUs converted at $0 exercise price (code M), and 8,312 of the resulting shares were surrendered/withheld to cover tax withholding (code F) valued at $3.32 per share for a total of $27,596. The net result was issuance of 8,478 shares to the reporting person.
- The filing shows the derivative (the RSU award) was converted/terminated in connection with the vesting; this transaction is an award/vesting event rather than an open-market purchase or sale.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026.
- Primary actions: 16,790 RSUs converted to shares (M); 8,312 shares withheld for taxes at $3.32 each (F) — withholding value $27,596.
- Net shares issued to insider: 8,478 (16,790 converted minus 8,312 withheld).
- Footnote: RSUs were granted under the issuer’s Incentive Plan; each RSU represents the right to one share on March 14, 2026, subject to continued employment and plan acceleration terms.
- Shares owned after transaction: not specified in the provided filing.
- Timeliness: filing date provided; no late filing flag indicated in the information shown.
Context
- This was a standard RSU vesting/cashless-withholding transaction — the RSUs converted to shares and a portion of those shares were surrendered to satisfy tax obligations. Such withholding transactions are routine and reflect tax payment, not an open-market sale intended to realize gains.