Jones Angela Y 4

What Happened

• Angela Y. Jones, SVP & Global Chief People Officer of ACCO BRANDS Corp (ACCO), had performance stock units (PSUs) convert into shares and received a new restricted stock unit (RSU) grant. The filing shows conversion/exercise activity for 42,339 derivative units on 2026-03-10 and a subsequent RSU grant of 84,034 units on 2026-03-11.
• To satisfy tax withholding, 12,921 shares were surrendered (disposed) at an implied value of $3.63 per share for a total tax withholding of $46,968. The conversion/award entries themselves show $0 exercise price (typical for PSU/RSU settlements).

Key Details

• Transaction dates: conversion/exercise and tax withholding on 2026-03-10; new RSU grant on 2026-03-11. Form filed 2026-03-12.
• Specifics:
  • 42,339 PSUs converted/treated as derivative exercise (reported at $0.00).
  • 12,921 shares surrendered for tax withholding at $3.63/share = $46,968.
  • 84,034 RSUs granted on 2026-03-11 (reported as derivative award at $0.00).
• Shares owned after transaction: not specified in this filing.
• Footnotes:
  • F1: PSUs were earned over a three-year performance period and become eligible for settlement at the end of that period (performance-based).
  • F2: The 84,034 RSUs vest and convert to shares on March 11, 2029, subject to continued employment and Plan terms.
• Timeliness: Filing date (2026-03-12) covers transactions on 3/10–3/11 and appears to be timely (Form 4 is typically due within two business days).

Context

• This activity is largely awards and settlement of performance-based compensation rather than an open-market purchase or discretionary sale. The surrender of 12,921 shares is a routine tax-withholding action (code F), not necessarily a market-directed sale.
• For retail investors: awards and PSU conversions reflect compensation realization and future incentive alignment; they are common for executives and do not alone indicate buy/sell intent by management.