Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the impact of all stock-based compensation expense on our Consolidated Statements of Income (Loss) for the years ended December 31, 2025, 2024 and 2023:


(in millions)	2025			2024			2023
Selling, general and administrative expense	$	11.5		$	11.9		$	14.8
Income (loss) before income tax		(11.5	)		(11.9	)		(14.8	)
Income tax expense		(2.6	)		(2.9	)		(3.4	)
Net loss	$	(8.9	)	$	(9.0	)	$	(11.4	)

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan

Stock-based compensation expense by award type for the years ended December 31, 2025, 2024 and 2023 was as follows:


(in millions)	2025		2024		2023
Stock option compensation expense	$	0.1	$	0.5	$	2.7
RSU compensation expense		8.3		7.5		6.4
PSU compensation expense		3.1		3.9		5.7
Total stock-based compensation expense	$	11.5	$	11.9	$	14.8

Summary of Changes in Stock Options Outstanding

A summary of the changes in stock options outstanding under the Plan during the year ended December 31, 2025 is presented below:


	Number Outstanding			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at December 31, 2024		5,711,296		$	8.94
Forfeited/Expired		(683,108	)	$	12.34
Outstanding at December 31, 2025		5,028,188		$	8.48	4.2 years	zero
Exercisable shares at December 31, 2025		5,028,188		$	8.48	4.2 years	zero

Summary of Changes in RSUs Outstanding

A summary of the changes in the RSUs outstanding under the Plan during 2025 is presented below:


	Stock Units			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2024		4,241,889		$	6.06
Granted		1,561,115		$	4.62
Vested and distributed		(456,340	)	$	8.31
Forfeited and cancelled		(50,604	)	$	5.19
Outstanding at December 31, 2025		5,296,060		$	5.45
Vested and deferred at December 31, 2025(1)		955,543		$	7.28

(1)

Included in outstanding at December 31, 2025. Vested and deferred RSUs are primarily related to deferred compensation for non-employee directors.

Summary of Changes in PSUs Outstanding

A summary of the changes in the PSUs outstanding under the Plan during 2025 is presented below:


	Stock Units			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2024		3,546,242		$	5.81
Granted		1,746,912		$	4.68
Vested and distributed		(103,609	)	$	8.87
Forfeited and cancelled		(193,234	)	$	7.57
Other - decrease due to performance of PSUs		(577,991	)	$	4.68
Outstanding at December 31, 2025		4,418,320		$	5.10

ACCO BRANDS Corp 10-K