Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 181

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 181
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2022

        Weighted average expected lives
         
        6.0 years

        Weighted average risk-free interest rate
         
        1.89 %

        Weighted average expected volatility
         
        41.7 %

        Expected dividend yield
         
        3.60 %

        Weighted average grant date fair value
         
        $2.43
       
       The weighted average expected option term of the Company's "plain vanilla" stock options granted during the year ended December 31, 2022 reflect the application of the simplified method, as prescribed by Staff Accounting Bulletin Topic 14. The simplified method was used as the Company does not believe it has sufficient historical exercise data to provide 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