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 common stock and adjustments to beneficial ownership.
Summary
- On August 16, 2024, Accolade, Inc. Director Michael W. Hilton reported transactions involving the company's stock.
- He converted 332 Restricted Stock Units (RSUs) into 332 shares of common stock.
- Following this transaction, Hilton directly owns 148,885 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 reflecting standard compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for the Restricted Stock Units. |
| 08/16/2024 | Date of the reported transaction: conversion of RSUs to common stock. |
| 08/20/2024 | Date of signature for the Form 4 filing. |
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