Form 4: Accolade CFO Stephen Barnes Reports Stock Unit Transactions
SEC Form 4 Filing
Accolade's Chief Financial Officer, Stephen H. Barnes, reports the acquisition and disposal of restricted stock units.
Summary
- Stephen H. Barnes, CFO of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 7, 2024, Barnes acquired 17,111 Restricted Stock Units (RSUs) that vest on December 1, 2024, contingent upon continuous service.
- He also acquired 67,500 RSUs with a Vesting Commencement Date of June 1, 2024, vesting one-third on June 1, 2025, and then 1/36th monthly thereafter, subject to continuous service.
- Shares of Common Stock will automatically be sold on each vesting date to cover tax withholding obligations.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- Shareholders may be interested in executive compensation details.
- Employees may be interested in the vesting schedules of RSUs.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Vesting Commencement Date for 67,500 RSUs |
| 06/07/2024 | Transaction date for acquisition of 17,111 and 67,500 RSUs |
| 06/10/2024 | Date of signature by Attorney-in-Fact |
| 12/01/2024 | Vesting date for 17,111 RSUs |
| 06/01/2025 | First vesting date for 1/3rd of the 67,500 RSUs |
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