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 May 10, 2024, Michael Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- He converted 183 Restricted Stock Units (RSUs) into 183 shares of common stock.
- Following this transaction, Hilton directly owns 147,008 shares of common stock.
- He also indirectly owns 195,042 shares through the Hilton Family Trust, for which he serves as a trustee with voting and investment power.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 05/10/2024 | Date of transaction: conversion of Restricted Stock Units to Common Stock |
| 05/14/2024 | Date of signature on the Form 4 filing |
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