Form 4: Accolade Director Michael Hilton Reports Stock Transactions
SEC Form 4
Director Michael Hilton reports the conversion of Restricted Stock Units (RSUs) into common stock and adjustments to his beneficial ownership in Accolade, Inc.
Summary
- On September 16, 2024, Michael Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- He converted 332 Restricted Stock Units (RSUs) into 332 shares of common stock.
- Following the transaction, Hilton directly owns 149,401 shares of common stock.
- He also indirectly owns 195,042 shares through the Hilton Family Trust, for which he serves as a trustee.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| 09/16/2024 | Date of stock transaction (conversion of RSUs) |
| 09/18/2024 | Date of signature for the Form 4 filing |
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