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 May 16, 2024, Michael Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- Hilton converted 332 Restricted Stock Units (RSUs) into 332 shares of common stock.
- Following the transaction, Hilton directly owns 147,340 shares of Accolade's common stock.
- Hilton 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 filing related to stock transactions by a company director, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| May 16, 2024 | Date of stock transaction (conversion of RSUs) |
| May 20, 2024 | Date of signature for the Form 4 filing |
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