Form 4: Accolade Director Michael W. Hilton Exercises Stock Options and Receives Restricted Stock Units

Director Michael W. Hilton of Accolade, Inc. exercised stock options and received restricted stock units, resulting in changes to his beneficial ownership of the company's stock.

Summary

• Michael W. Hilton, a director at Accolade, Inc., executed transactions involving the company's stock on November 11, 2024.
• He converted 183 Restricted Stock Units (RSUs) into 183 shares of common stock.
• Following these transactions, Mr. Hilton directly owns 150,098 shares of common stock.
• He also indirectly owns 195,042 shares through the Hilton Family Trust.
• The RSUs vest over three years from June 10, 2022, with one-third vesting on the first anniversary and the remainder vesting monthly.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by a company director. It does not contain any information that would indicate a positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders who have transactions involving their company's stock. It is a routine disclosure and does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Stock option exercises and RSU vesting are common forms of compensation for directors and executives in publicly traded companies.
• The vesting schedule of the RSUs, with a three-year vesting period, is typical for such grants.
• The disclosure of both direct and indirect ownership is standard practice for SEC filings.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine stock-based compensation for a director.

Key Dates

Keywords

Accolade, stock options, restricted stock units, beneficial ownership, director, equity securities, Hilton Family Trust