Form 4: Accolade Inc. Director Michael W. Hilton Reports Stock Transactions
SEC Form 4
Director Michael W. Hilton reports the conversion of Restricted Stock Units (RSUs) into common stock and adjustments to beneficial ownership.
Summary
- On June 10, 2024, Michael W. Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- Hilton converted 184 Restricted Stock Units (RSUs) into 184 shares of common stock.
- Following the transaction, Hilton directly owns 147,524 shares of common stock.
- Hilton 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 regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership structure.
- The vesting schedule of the RSUs incentivizes the Reporting Person to provide continuous service to the Issuer.
Key Dates
| Date | Description |
|---|---|
| 06/10/2022 | June 2022 RSU Vesting Commencement Date |
| 06/10/2024 | Date of transaction: Conversion of Restricted Stock Units (RSUs) into common stock |
| 06/12/2024 | Date of signature for the Form 4 filing |
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