Jotwani Pradeep 4
Research Summary
AI-generated summary
ACCO Brands Director Pradeep Jotwani Receives RSU Award
What Happened
- Pradeep Jotwani, a director of ACCO Brands Corp (ACCO), received a grant of 32,809 restricted stock units (RSUs) on 2026-05-19. The award is reported as a derivative acquisition at $0.00 per unit (transaction code A), meaning no cash was paid by the insider for the grant. This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-05-19; Form 4 filed: 2026-05-20 (timely).
- Instrument: 32,809 RSUs granted (derivative acquisition) at $0.00 reported price.
- Shares owned after transaction: not specified in the filing.
- Footnote: RSUs were granted under the issuer’s Incentive Plan and are either immediately vested or vest on the one-year anniversary of the grant date but have been deferred under the Issuer’s Deferred Compensation Plan for Non-Employee Directors. Each RSU represents the right to one share upon the earlier of the director’s death or disability, or cessation of board service.
- No indication of a 10b5-1 plan, sale, tax-withholding, or late filing in this report.
Context
- This is a compensation grant to a non-employee director and should be read as part of routine board compensation practices rather than a direct market bet by the insider. Because the RSUs are deferred, shares (or the right to shares) will be delivered only upon specified events (departure, death/disability), so there is no immediate change in free-tradable stock held by Jotwani.