Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 70

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 70
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 a reasonable basis for the expected term of its stock option grants. The simplified method will be used until such time as the Company has stock option exercise experience in which to reasonably determine the expected life. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. Volatility is calculated using ACCO Brands' historic volatility.

69

 ACCO Brands Corporation and SubsidiariesNotes to Consolidated Financial Statements (Continued) 

 A summary of the changes in stock options outstanding under the Plan during the year ended December 31, 2024 is presented below: 

        NumberOutstanding

        Weighted Average Exercise Price

        Weighted Average Remaining Contractual Term
         
        AggregateIntrinsicValue

        Outstanding at December 31, 2023

        6,625,226

        $
        9.26

        Forfeited/Expired

        (913,930
        )
         
        $
        11.27

        Outstanding at December 31, 2024

        5,711,296

        $
        8.94

        4.7 years
         
        zero

        Exercisable shares at December 31, 2024

        5,212,811

        4.5 years
         
        zero
       
       There were no options exercised during the years ended December 31, 2024 and 2023. We received cash of $4.3 million from the exercise of stock options during the year ended December 31, 2022. The aggregate intrinsic value of options exercised during the year ended December 31, 2022 totaled $0.5 million.  The fair value of options vested during the years ended December 31, 2024, 2023, and 2022 was $2.5 million, $3.4 million and $3.1 million, respectively. As of December 31, 2024, we had unrecognized compensation expense related to stock options of $0.1 million, which will be recognized over a weighted-average period of 0.2 years. Stock Unit Awards RSUs vest over a pre-determined period of time, generally three years from the date of grant. Stock-based compensation expense for the years ended December 31, 2024, 2023 and 2022 includes $1.4