Form 4: Accolade Inc. Director Michael W. Hilton Reports Stock Transactions
SEC Form 4 Filing
Director Michael W. Hilton of Accolade, Inc. reports the conversion of Restricted Stock Units into common stock and adjustments to beneficial ownership.
Summary
- On June 17, 2024, Michael W. 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 147,856 shares of 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 neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor dilutive effect on existing shareholders due to the issuance of new shares from the RSU conversion.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| June 17, 2024 | Date of transaction: conversion of Restricted Stock Units to Common Stock |
| June 20, 2024 | Date of signature for the Form 4 filing |
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