Daniel Paul P 4

What Happened

• Daniel Paul, SVP and Chief Investment Officer of ACCO BRANDS (ACCO), converted 21,491 restricted stock units (RSUs) into common shares on March 14, 2026. The RSUs have no exercise price; 5,792 of the resulting shares were surrendered/withheld to cover tax withholding, generating $19,229 in value at $3.32 per share. The filing shows a corresponding termination of the derivative RSU position as part of the conversion.
• Net result: 21,491 RSUs became shares and, after withholding 5,792 shares for taxes, Paul retained a net 15,699 shares from this award.

Key Details

• Transaction date: March 14, 2026; Form 4 filed March 17, 2026 (no lateness indicated in the filing).
• Actions reported: M = conversion/exercise of derivative (RSU → shares); F = shares surrendered for tax withholding.
• Shares converted: 21,491 RSUs → 21,491 shares acquired (reported at $0 exercise price for RSUs).
• Shares withheld/disposed for taxes: 5,792 shares at $3.32 each, totaling $19,229.
• Net shares retained from the award: 15,699 (21,491 − 5,792).
• Footnote: RSUs were granted under the issuer’s Incentive Plan; each RSU represents the right to receive one share on March 14, 2026, subject to continued employment and plan terms.

Context

• This was an award conversion and routine tax withholding—not an open-market buy or sell driven by a discretionary trade. RSU conversions are common when awards vest; withholding is standard to meet tax obligations.
• Transaction codes: M = derivative exercise/conversion; F = payment/tax withholding. For retail investors, purchases or open-market sales by insiders can be more informative signals than routine vesting and withholding transactions like this one.