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 beneficial ownership.
Summary
- On April 10, 2024, Michael W. Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- Hilton converted 183 Restricted Stock Units (RSUs) into 183 shares of common stock.
- Following the transaction, Hilton directly owns 146,494 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 routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 04/10/2024 | Date of transaction: conversion of Restricted Stock Units to Common Stock |
| 04/12/2024 | Date of signature of the report |
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