Dudek James 4
Research Summary
AI-generated summary
ACCO Brands SVP James Dudek Receives 19,700 RSU Shares; 5,733 Withheld
What Happened
- James Dudek, Senior Vice President, Corporate Controller and Chief Accounting Officer of ACCO Brands (ACCO), had 19,700 restricted stock units (RSUs) convert to common shares on March 14, 2026 (reported on Form 4 filed Mar 17, 2026). The RSUs converted at no exercise price (code M), resulting in 19,700 shares acquired.
- To satisfy tax withholding, 5,733 of those shares were surrendered (code F) at $3.32 per share, totaling $19,034. That leaves a net of approximately 13,967 shares delivered to Dudek. Based on the $3.32 per-share figure used for withholding, the gross value of the vested shares is roughly $65,404.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026.
- Conversion/vesting: 19,700 RSUs converted to 19,700 shares (code M) at $0.00 exercise price.
- Tax withholding: 5,733 shares surrendered (code F) at $3.32/share = $19,034.
- Net shares received: ~13,967 shares (19,700 − 5,733).
- Footnote: RSUs were granted under the issuer’s incentive plan and vest to one share each on March 14, 2026, subject to continued employment (per filing footnote).
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: reported on Mar 17, 2026; the filing does not indicate a tardy status.
Context
- This was a routine RSU vesting and tax-withholding event rather than an open-market purchase or sale. The withholding of shares to cover taxes is a common, non-market-selling method (a “cashless” or share-surrender withholding) and does not necessarily indicate a bullish or bearish view by the insider.