Form 4: Accolade Inc. Director Michael W. Hilton Reports Transaction in Company Stock
SEC Form 4 Filing
Director Michael W. Hilton reports a transaction involving Accolade, Inc. common stock and Restricted Stock Units (RSUs).
Summary
- On September 10, 2024, Michael W. Hilton, a director of Accolade, Inc., reported a transaction involving the company's securities.
- Hilton converted 184 Restricted Stock Units (RSUs) into 184 shares of common stock.
- Following the transaction, Hilton directly owns 149,069 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 disclosure of insider transactions, neither inherently positive nor negative.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders reporting transactions in their company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- Shareholders are informed about insider transactions, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| June 10, 2022 | June 2022 RSU Vesting Commencement Date |
| 09/10/2024 | Date of transaction: conversion of Restricted Stock Units (RSUs) into common stock |
| 09/12/2024 | Date of report filing |
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