Tedford Thomas W 4

What Happened

• Thomas W. Tedford, President & CEO and a director of ACCO Brands (ACCO), had 116,405 restricted stock units (RSUs) vest and convert into common shares on March 14, 2026. The RSU conversion (reported as derivative exercise) resulted in 116,405 shares being issued at $0.00.
• To cover tax withholding, 44,771 of those shares were surrendered (code F) at $3.32 per share, generating $148,640 in withholding value. Net shares delivered to Tedford were 71,634 (116,405 vested − 44,771 withheld).
• This was an RSU vesting/settlement event (award conversion and tax withholding), not an open-market purchase or voluntary sale.

Key Details

• Transaction date: March 14, 2026. Form 4 filed March 17, 2026 (within the SEC reporting window).
• Vesting/conversion: 116,405 RSUs → 116,405 shares (reported as “M” exercise/conversion of derivative at $0.00).
• Tax withholding: 44,771 shares disposed at $3.32 → $148,640 (reported as “F”).
• Net shares received: 71,634. The filing does not state Tedford’s total shares owned after the transaction.
• Footnote: These were RSUs granted under the issuer’s Incentive Plan; each RSU entitles the holder to one share on the vesting date, conditional on continued employment.

Context

• This is a routine equity compensation vesting event with net share settlement for tax withholding (common practice). The only shares sold were those withheld to meet tax obligations; no discretionary open-market sale was reported.
• Transaction codes: M = conversion/exercise of a derivative (RSU conversion here); F = shares used to pay taxes.