Form 4: Accolade Director Cindy Kent Reports Stock Transactions
SEC Form 4 Filing
Director Cindy Kent reports the conversion of restricted stock units into common stock and indirect ownership through a trust.
Summary
- On August 6, 2024, Cindy Kent, a director of Accolade, Inc., reported transactions involving the company's stock.
- Kent converted 9,196 restricted stock units (RSUs) into 9,196 shares of common stock.
- Kent also reported indirect beneficial ownership of 1,360 shares of common stock through the Cindy R. Smith Kent Legacy Trust, for which she serves as trustee.
- The RSUs vest on the earlier of the next annual meeting date or August 8, 2024, subject to continued service as a director.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The vesting of the RSUs is contingent upon continued service as a director through the applicable vesting date.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/06/2024 | Date of transaction: conversion of RSUs to common stock. |
| 08/08/2024 | Date of RSU vesting (or earlier annual meeting date), contingent on continued service as director. |
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