BURTON JOSEPH B 4
Research Summary
AI-generated summary
ACCO BRANDS (ACCO) Director Joseph B. Burton Receives RSU Award
What Happened
- Joseph B. Burton, a director of ACCO BRANDS Corp (ACCO), received a grant of 2,745.5 restricted stock units (RSUs) on 2026-06-17. The award is reported as a derivative grant (code A) with an acquisition price of $0, total reported value $0. This is a compensation grant to a non-employee director rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-17; Form 4 filed: 2026-06-18 (timely).
- Transaction type/code: Grant/Award (A); 2,745.5 RSUs acquired at $0.00.
- Reported value: $0 (RSUs are compensation-based, no cash paid).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: RSUs are granted under the issuer’s Incentive Plan and deferred under the Deferred Compensation Plan for Non-Employee Directors. RSUs either vest immediately or on the one-year anniversary but remain deferred; each RSU converts to one common share upon the earlier of the reporting person’s death or disability, or cessation of board service.
Context
- This transaction is a standard director compensation grant and does not involve a market purchase or sale. Because the RSUs are deferred, they represent a future right to shares rather than immediate ownership of tradable stock. The timely filing indicates the report was submitted promptly.