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 Accolade, Inc. common stock.
Summary
- On March 18, 2024, Michael W. Hilton, a director of Accolade, Inc., reported transactions involving the company's stock.
- He converted 332 Restricted Stock Units (RSUs) into 332 shares of common stock.
- Following the reported transactions, Hilton directly owns 146,311 shares of common stock and indirectly owns 195,042 shares through the Hilton Family Trust.
- The RSUs vest over four years from June 16, 2021, with 25% vesting on the one-year anniversary and the remainder vesting monthly thereafter.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the conversion of existing equity awards into common stock.
Key Dates
| Date | Description |
|---|---|
| June 16, 2021 | June 2021 Vesting Commencement Date for Restricted Stock Units |
| 03/18/2024 | Date of stock transaction (conversion of RSUs) |
| 03/20/2024 | Date of signature for the Form 4 filing |
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