Form 4: Accolade Inc. Executive Colin McHugh Reports Acquisition of Restricted Stock Units
SEC Form 4
Colin McHugh, Chief Accounting Officer of Accolade, Inc., reports the acquisition of restricted stock units representing a contingent right to receive common stock.
Summary
- Colin McHugh, Chief Accounting Officer of Accolade, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On June 7, 2024, McHugh acquired 6,382 Restricted Stock Units (RSUs) that vest on December 1, 2024.
- McHugh also acquired 30,000 RSUs on June 7, 2024, which vest over three years, with one-third vesting on June 1, 2025, and the remainder vesting monthly thereafter.
- Shares of common stock will automatically be sold on each vesting date to cover tax withholding obligations.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.
Stakeholder Impact
- Shareholders may be interested in tracking executive compensation and equity ownership.
- Employees may be interested in the vesting schedules of RSUs.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Vesting Commencement Date for 30,000 RSUs |
| 06/07/2024 | Transaction date for acquisition of 6,382 and 30,000 RSUs |
| 06/10/2024 | Date of signature for the Form 4 filing |
| 12/01/2024 | Vesting date for 6,382 RSUs |
| 06/01/2025 | First vesting date for 1/3rd of the 30,000 RSUs |
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