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 holdings in the Hilton Family Trust.
Summary
- On July 10, 2024, Michael Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- Hilton converted 183 Restricted Stock Units (RSUs) into 183 shares of Accolade's common stock.
- Following the reported transactions, Hilton directly owns 148,039 shares of common stock.
- Hilton also indirectly owns 195,042 shares through the Hilton Family Trust.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company directors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The conversion of RSUs into common stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| July 10, 2024 | Date of stock transaction (conversion of RSUs) |
| July 12, 2024 | Date of signature for the Form 4 filing |
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