Company: ACCO
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0000950170-25-046374
Chunk: 31

Company: ACCO BRANDS Corp
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 31
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Long-Term Incentive Compensation Pursuant to the Company's Incentive Plan, the Company may use a variety of long-term incentive awards, such as RSUs, NQSOs, PSUs, Performance Cash and Time-Vested Cash. The Compensation and Human Capital Committee determines annually the long-term compensation mix based on a variety of factors, such as our business strategy, marketplace trends, retention needs, participant eligibility, share availability under the Incentive Plan, Peer Group practices, cost, and cash flow impact to the Company. 2024 LTIP Awards Mr. Tedford's 2024 LTIP award was comprised of 67 percent PSUs and 33 percent RSUs. The 2024 LTIP awards for the other named executive officers were comprised of 60 percent PSUs, 40 percent RSUs. No stock options were granted to executive officers in 2024. In establishing the 2024 LTIP grant values, the Compensation and Human Capital Committee reviewed the LTIP compensation data for the companies in our Peer Group. Mr. Tedford's 2024 LTIP award at target was below 50th percentile LTIP value of CEO positions in our Peer Group due to his tenure as a new CEO. The grant values for our other named executive officers 2024 LTIP awards at target were near the 50th percentile of target LTIP values for comparable positions in our Peer Group and/or comparable survey benchmark positions. The following is a description of the terms of the Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) that were granted in 2024.

#### ACCO BRANDS| 2025 PROXY STATEMENT45
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Restricted Stock Units The 2024 RSUs represent the right to receive shares of common stock of the Company, subject to the completion of a three-year service period (e.g., the RSUs cliff vest on the third anniversary of the grant date), except as otherwise provided in the Incentive Plan or award agreements. Dividend equivalents are accrued on unvested RSUs, are subject to the underlying terms and conditions of each RSU award, and are not paid until the RSUs have vested. Vested RSUs are settled for a like number of shares of common stock of the Company. |
| Performance Stock Units The 2024 - 2026 PSUs will be earned based on financial performance during three one-year performance periods ending December 31 of each year and cumulative Total Shareholder Return relative