ACCO BRANDS Corp
For the period ended Mar 27, 2026. Filed Mar 27, 2026.
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Mar 27, 2026 · Filed Mar 27, 2026
Contents
Pay Versus Performance
In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosures regarding the relationship between the executive compensation for our principal executive officers (“PEOs”) and the other named executive officers (the "Non-PEO NEOs") and the Company's performance for the fiscal years listed below. The Compensation and Human Capital Committee did not consider the pay versus performance disclosure below in making its pay decisions for any of the years shown.
| Year · Summary Compensation Table Total for PEO 1(1) · Summary Compensation Table Total for PEO 2(1) · Compensation Actually Paid to PEO 1(1)(2)(3) · Compensation Actually Paid to PEO 2(1)(2)(3) · Average Summary Compensation Table Total for Non-PEO NEOs(1) · Average Compensation Actually Paidto Non-PEO NEOs(1)(2)(3) · Value of Initial Fixed $100 Investment based on:(4) · Net (Loss) / Income · Adjusted Operating Income(5) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TSR · Peer Group TSR | ||||||||||
| ($) · ($) · ($) · ($) · ($) · ($) · ($) · ($) · ($ Millions) · ($ Millions) | ||||||||||
| 2025 | — | 4,488,934 | — | 1,270,558 | 1,399,228 | 631,402 | 57.65 | 122.16 | 41.3 | 153.3 |
| 2024 | — | 4,212,901 | — | 3,703,304 | 1,660,474 | 1,005,552 | 75.00 | 121.49 | (101.6) | 189.7 |
| 2023 | 4,350,195 | 2,674,387 | 6,224,665 | 3,424,333 | 1,574,020 | 1,947,394 | 82.13 | 109.06 | (21.8) | 204.8 |
| 2022 | 5,268,403 | — | 133,509 | — | 1,398,731 | 449,648 | 71.28 | 86.41 | (13.2) | 175.8 |
| 2021 | 7,276,781 | — | 7,422,848 | — | 2,214,526 | 2,238,161 | 100.77 | 112.08 | 101.9 | 227.9 |
(1)
Mr. Elisman was our PEO until September 30, 2023 (“PEO 1”). Mr. Tedford has been our PEO since October 1, 2023 (“PEO 2”). The individuals comprising the Non-PEO NEOs for each year presented are listed below.
For 2025: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Pamela R. Schneider, Gregory J. McCormack, and Angela Y. Jones.
For 2024: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Boris Elisman, and Pamela R. Schneider.
For 2023: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, and Roxanne Bernstein.
For 2022: Deborah A. O'Connor, Cezary Monko, Patrick H. Buchenroth, Thomas W. Tedford, and Neal V. Fenwick,
For 2021: Cezary Monko, Patrick H. Buchenroth, Thomas W. Tedford, and Neal V. Fenwick.
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs.
(3)
Compensation Actually Paid reflects total compensation as disclosed in the Summary Compensation Table as adjusted to exclude and include certain amounts for the PEOs and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year.
ACCO BRANDS | 2026 PROXY STATEMENT 67
| PEO 2 ($) | Average for Non-PEO NEOs ($) | |
|---|---|---|
| Summary Compensation Table Total | 4,488,934 | 1,399,228 |
| Exclusion of Change in Pension Value | — | (10,833) |
| Exclusion of Stock Awards | (3,425,889) | (617,514) |
| Inclusion of Pension Service Cost | — | — |
| Inclusion of Equity Values (a) | 207,513 | (139,479) |
| Compensation Actually Paid | 1,270,558 | 631,402 |
(a) The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
| PEO 2 ($) | Average for Non-PEO NEOs ($) | |
|---|---|---|
| Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year | 1,165,552 | 188,729 |
| Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards | (714,579) | (193,691) |
| Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year | — | — |
| Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year | (243,460) | (94,393) |
| Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year | — | (40,124) |
| Total - Inclusion of Equity Values | 207,513 | (139,479) |
(4)
The Peer Group TSR utilizes the S&P Office Services and Supplies (SuperCap1500) Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report on Form 10-K for the year ended December 31, 2025. The comparison assumes $100 was invested in the Company and in the S&P Office Services and Supplies (SuperCap 500) Index for the period starting December 31, 2020 through the end of the listed year. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined adjusted operating income to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to PEO 2 and the Non-PEO NEOs in 2025. Adjusted operating income is a non-GAAP financial measure. Adjusted operating income is defined and reconciled to its most directly comparable GAAP financial measure in Appendix B "Supplemental Non-GAAP Financial Measures" of this Proxy Statement.
Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Company and Peer Group TSR
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR over the five most recently completed fiscal years, and the S&P Office Services and Supplies (SuperCap1500) Index TSR over the same period.
68 ACCO BRANDS | 2026 PROXY STATEMENT
Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Net Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the five most recently completed fiscal years.
Relationship Between PEOs and Non-PEO NEO Compensation Actually Paid and Adjusted Operating Income
The following chart sets forth the relationship between Compensation Actually Paid to our PEOs, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Adjusted Operating Income during the five most recently completed fiscal years.
ACCO BRANDS | 2026 PROXY STATEMENT 69
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our PEO 2 and Non-PEO NEOs for 2025 to Company performance. The measures in the table are not ranked.
Adjusted EPS
Adjusted Operating Income
Net Sales
Pursuant to SEC rules, the information in this “Pay Versus Performance Disclosure” section shall not be deemed to be incorporated by reference by any general statement incorporating by reference this Proxy Statement into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, and shall not otherwise be deemed filed under such acts.
70 ACCO BRANDS | 2026 PROXY STATEMENT
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