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 and adjustments to his beneficial ownership.
Summary
- On March 11, 2024, Michael W. Hilton, a director of Accolade, Inc., reported the conversion of 184 Restricted Stock Units (RSUs) into 184 shares of Accolade's common stock.
- Following this transaction, Hilton directly owns 145,979 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.
- The RSUs vest over three years from June 10, 2022, with one-third vesting on the first anniversary and the remainder vesting monthly thereafter.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The conversion of RSUs into common stock has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 03/11/2024 | Date of RSU conversion to common stock |
| 03/13/2024 | Date of signature by Attorney-in-Fact |
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