McCormack Gregory J. 4

What Happened

• Gregory J. McCormack, SVP, Global Products & Ops at ACCO BRANDS (ACCO), had 31,788 restricted stock units (RSUs) convert to common shares on March 14, 2026. The RSUs converted at $0 (vested shares).
• To satisfy tax withholding, 9,476 of those shares were surrendered (disposed) at an effective value of $3.32 per share, totaling $31,460. The filing also shows the derivative awards were extinguished upon conversion.

Key Details

• Transaction date: 2026-03-14; Form 4 filed: 2026-03-17.
• Transactions reported:
  • M (exercise/conversion): Acquired 31,788 shares @ $0.00 (RSU conversion).
  • F (payment of exercise price/tax liability): 9,476 shares withheld @ $3.32 = $31,460 (disposed).
  • M (derivative): 31,788 shares disposed @ $0.00 (derivative extinguished on conversion).
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: These were RSUs under the issuer’s incentive plan; each RSU converts to one share on March 14, 2026 if employment conditions are met (subject to plan acceleration provisions).
• No indication in the filing of a 10b5-1 plan or other trading plan.

Context

• This is routine RSU vesting with "sell-to-cover" tax withholding — common for equity compensation and not necessarily a signal of bullish or bearish intent.
• Transaction codes: M = option/derivative exercise or conversion (here, RSU conversion); F = shares surrendered to cover tax liability.