Company: ACCO
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024931
Chunk: 68

Company: ACCO BRANDS Corp
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 68
---
 11-6166763 / 001
         
        Red
         
        Red
         
        Implemented
         
        $0.1
         
        $0.1
         
        $0.1
         
        Yes
         
        6/30/2028

6. Stock-Based Compensation  The 2022 ACCO Brands Corporation Incentive Plan, as amended (the "Plan") provides for stock-based awards generally in the form of stock options, restricted stock units ("RSUs") and performance stock units ("PSUs"), any of which may be granted alone or with other types of awards and dividend equivalents. The Plan authorizes the issuance of up to 15,994,631 shares to key employees and non-employee directors. 

68

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

The Company accrues dividend equivalents ("DEs") on all outstanding RSUs and PSUs as permitted by the Plan. DEs entitle holders of RSUs and PSUs to the same dividend value per share as holders of common stock. RSUs and PSUs are credited with DEs that are converted to RSUs and PSUs at the fair market value of our common stock on the dates the dividend payments are made and are subject to the same terms and conditions as the underlying award. DEs credited to RSUs and PSUs will only be paid to the extent the awards vest and any performance goals are achieved. We will satisfy the requirement for delivering shares of our common stock for the Plan by issuing new shares. The following table summarizes the impact of all stock-based compensation expense on our Consolidated Statements of Loss for the years ended December 31, 2024, 2023 and 2022: 

        (in millions)
         
        2024

        2023

        2022

        Selling, general and administrative expense
         
        $
        11.9

        $
        14.8

        $
        9.5

        (Loss) income before income tax

        (11.9
        )

        (14.8
        )

        (9.5
        )

        Income tax expense

        (2.9
        )

        (3.4
        )

        (2.2
        )

        Net loss
         
        $
        (9.0
        )