Form 4: Accolade Director Michael Hilton Reports Stock Transactions
SEC Form 4 Filing
Director Michael Hilton reports the conversion of Restricted Stock Units (RSUs) into Accolade, Inc. common stock and adjustments to his beneficial ownership.
Summary
- On October 22, 2024, Michael Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- He converted 331 Restricted Stock Units (RSUs) into 331 shares of common stock.
- Following the reported transaction, Hilton directly owns 149,915 shares of common stock.
- He also indirectly owns 195,042 shares through the Hilton Family Trust, where he serves as a trustee.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company director, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| 10/22/2024 | Date of transaction: conversion of Restricted Stock Units to Common Stock |
| 10/23/2024 | Date of signature for the Form 4 filing |
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