Form 4: Escalade Inc. Director Walter P. Glazer Jr. Reports Stock Transactions
SEC Form 4
Director Walter P. Glazer Jr. reports the vesting and conversion of Restricted Stock Units (RSUs) into Escalade Inc. common stock.
Summary
- On April 3, 2025, Walter P. Glazer Jr., a director of Escalade Inc., reported transactions involving the company's stock.
- Glazer converted 19,150 Restricted Stock Units (RSUs) into common stock.
- These RSUs vested and settled on April 3, 2025, as part of the Escalade, Incorporated 2017 Incentive Plan.
- Following the transaction, Glazer directly owns 518,551 shares of common stock.
- Glazer also indirectly owns 8,500 shares held by his spouse.
- 38,300 RSUs remain and will vest in two equal installments on April 3, 2026, and April 3, 2027, contingent on continued service to Escalade.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Future Outlook
The remaining 38,300 RSUs will vest in two equal installments on April 3, 2026, and April 3, 2027, contingent on continued service to Escalade.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 04/03/2024 | Reporting person was granted 57,450 RSUs pursuant to the Escalade 2017 Plan |
| 04/03/2025 | 19,150 RSUs vested and settled, converted into common stock |
| 04/03/2026 | One half of the remaining 38,300 RSUs will vest |
| 04/03/2027 | One half of the remaining 38,300 RSUs will vest, expiration of derivative security |
| 04/04/2025 | Date of report submission |
Keywords
Escalade Inc, Director, Walter P. Glazer Jr, RSUs, Restricted Stock Units, Common Stock, Beneficial Ownership, Incentive Plan, Vesting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.