Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 72

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 72
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, 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, 2024

        3,546,242

        $
        5.81

       For the years ended December 31, 2023 and 2022, we granted 2,301,907 and 1,170,884 PSUs, respectively. For the years ended December 31, 2024, 2023 and 2022, 685,998, 336,077 and 350,656 PSUs vested, respectively. The weighted-average grant date fair value of our PSUs was $5.80, $5.39, and $8.88 for the years ended December 31, 2024, 2023 and 2022, respectively. The fair value of