Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 183

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 183
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        $
        5.31

        Vested and distributed

        (253,634
        )
         
        $
        8.43

        Vested and deferred distributed

        (133,273
        )
         
        $
        7.71

        Forfeited and cancelled

        (317,413
        )
         
        $
        6.09

        Outstanding at December 31, 2024

        4,241,889

        $
        6.06

        Vested and deferred at December 31, 2024(1)

        767,216

        $
        7.80

       (1)Included in outstanding at December 31, 2024. Vested and deferred RSUs are primarily related to deferred compensation for non-employee directors. For the years ended December 31, 2023 and 2022, we granted 1,969,191 and 695,057 RSUs, respectively. The weighted-average grant date fair value of our RSUs was $5.31, $5.23, and $8.15 for the years ended December 31, 2024, 2023 and 2022, respectively. The fair value of RSUs that vested during the years ended December 31, 2024, 2023 and 2022 was $3.3 million, $4.4 million and $5.1 million, respectively. As of December 31, 2024, we have unrecognized compensation expense related to RSUs of $7.0 million, which will be recognized over a weighted-average period of 1.9 years. A summary of the changes in the PSUs outstanding under the Plan during 2024 is presented below: 

        StockUnits

        Weighted Average Grant Date Fair Value

        Outstanding at December 31, 2023

        1,771,690

        $
        6.48

        Granted

        1,825,683

        $
        5.80

        Vested and distributed

        (685,998
        )
         
        $
        6.74

        Forfeited and cancelled

        (319,295
        )
         
        $
        5.65

        Other - increase due to performance of PSUs

        954,162

        $
        5.21

        Outstanding at December 31