Lombardi Ronald M. 4
Research Summary
AI-generated summary
ACCO BRANDS (ACCO) Director Ronald Lombardi Receives RSU Award
What Happened
Ronald M. Lombardi, a director of ACCO BRANDS Corp (ACCO), was granted 3,787.1 restricted stock units (RSUs) on 2026-03-26. The filing reports the grant at $0.00 per share (total reported value $0) because these RSUs were issued as dividend equivalents and are recorded as derivative awards rather than an open-market purchase.
Key Details
- Transaction date: 2026-03-26; Form 4 filed 2026-03-27 (filed the next business day). Transaction code: A (award/grant).
- Amount: 3,787.1 RSUs; reported price $0.00; total reported value $0.
- Shares owned after the transaction: not specified in the supplied filing details.
- Footnotes:
- F1: These RSUs represent dividend equivalents credited to the reporting person's earned and outstanding RSU awards.
- F2: RSUs are granted under the issuer’s Incentive Plan; they either vest immediately or on the one-year anniversary, but in either case have been deferred under the Issuer's Deferred Compensation Plan for Non-Employee Directors. Each RSU equals the right to one share upon death, disability, or cessation of board service.
- Timeliness: Filing appears timely (filed one day after the reported transaction).
Context
This was an award (compensation/dividend-equivalent credit), not a market buy or sale. Derivative RSU awards are commonly used for director compensation and are deferred here, meaning Lombardi does not receive shares immediately but has a right to shares under specified conditions; such grants are compensation-related and not a direct signal of buying or selling intent.