Form 4: Accolade Inc. Director Michael W. Hilton Reports Stock Transactions
SEC Form 4 Filing
Director Michael W. Hilton reports the conversion of Restricted Stock Units (RSUs) into common stock and adjustments to his beneficial ownership in Accolade, Inc.
Summary
- On April 18, 2024, Michael W. Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- Hilton converted 331 Restricted Stock Units (RSUs) into 331 shares of Accolade's common stock.
- Following the transaction, Hilton directly owns 146,825 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: The document is a standard SEC filing related to stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| 04/18/2024 | Date of transaction: conversion of Restricted Stock Units to Common Stock |
| 04/19/2024 | Date of signature for the Form 4 filing |
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