Peters John 4
Research Summary
AI-generated summary
ACCO Brands SVP John Peters Receives RSUs, Withholds 5,225 Shares
What Happened
- John Peters, Senior Vice President and President, North America of ACCO Brands (ACCO), had 17,910 restricted stock units (RSUs) convert to common shares on March 14, 2026 (reported as exercise/conversion of a derivative, code M). Of those, 5,225 shares were surrendered/withheld to cover tax obligations (reported as disposition, code F) at $3.32 per share for a withholding value of $17,347.
- The gross value of the 17,910 shares based on the reported $3.32 price is roughly $59,461; after withholding Peters retained a net ~12,685 shares (approximate net value $42,114). The exercise/conversion had a $0.00 exercise price (typical for RSU vesting).
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026 (no late filing indicated in the report).
- Actions reported: M = conversion/exercise of derivative (17,910 shares acquired); F = payment of tax liability via share withholding (5,225 shares disposed at $3.32/share, $17,347).
- Net shares retained from this vesting: 12,685 (17,910 acquired less 5,225 withheld) — filing does not state total shares owned after the transaction.
- Footnote: These were RSUs granted under the issuer’s incentive plan; each RSU converts to one share on March 14, 2026 if employment conditions are met.
- This was not an open-market purchase or sale but a vesting/settlement event with tax withholding.
Context
- This is a routine RSU vesting and share-withholding-for-taxes event (common for employee equity awards). It should not be read the same as an open-market buy or sell that signals sentiment.
- Transaction codes: M = exercise/conversion of a derivative (here, RSUs to shares); F = payment of exercise price or tax liability (share withholding).
- For retail investors, purchases (direct cash buys) often carry more weight as signals than routine vesting/withholding events; this filing documents compensation settlement rather than a market trade.