Form 4: ESCA Director Gifts 184K Shares to Family Trust

ESCALADE INC Director Walter P. Glazer Jr. transferred 184,000 shares of common stock into a trust for his son, effective August 14, 2025.

Summary

• Director Walter P. Glazer Jr. transferred 184,000 shares of ESCALADE INC common stock.
• The transfers occurred on August 14, 2025, via two separate gift transactions.
• 140,000 shares were disposed of directly and simultaneously acquired indirectly by a trust.
• An additional 44,000 shares were similarly disposed of directly and acquired indirectly by the same trust.
• The trust is for the benefit of Glazer's son, with Glazer's spouse serving as trustee.
• Following these transactions, Glazer's direct beneficial ownership decreased by 184,000 shares, while his indirect beneficial ownership through the trust increased by 184,000 shares.
• Glazer's total direct beneficial ownership is now 342,428 shares.
• His total indirect beneficial ownership includes 184,000 shares via the trust and 8,500 shares held by his spouse.
• The transactions were made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The transaction is a gift of shares from a director to a family trust, which is a neutral event for the company's operational performance and stock valuation. It reflects personal estate planning rather than a change in investment sentiment or company outlook.

Positives

• The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-arranged, systematic transfer not based on immediate market timing.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Director Walter P. Glazer Jr. transferred 184,000 shares of common stock to a trust established for the benefit of his son, with his spouse serving as trustee.

Stakeholder Impact

• Shareholders: The transaction represents a change in the form of beneficial ownership for a director, from direct to indirect via a family trust, and does not alter the total outstanding shares or the company's capital structure. It is generally considered a neutral event for existing shareholders.
• Company: The company's operations and financial standing are not directly impacted by this internal transfer of shares by a director.

Key Dates

Keywords

ESCALADE INC, ESCA, Form 4, Insider Transaction, Director Shareholding, Stock Gift, Trust Transfer, Beneficial Ownership, Walter P. Glazer Jr., 10b5-1 Plan