Form 4: Escalade Inc. Vice President Patrick J. Griffin Reports Changes in Beneficial Ownership
SEC Form 4
Patrick J. Griffin, Vice President of Escalade Inc., reports the vesting and conversion of Restricted Stock Units (RSUs) into common stock, along with details of his direct and indirect beneficial ownership.
Summary
- On April 3, 2025, Patrick J. Griffin, Vice President of Escalade Inc., reported changes in his beneficial ownership of Escalade Inc. stock.
- Mr. Griffin converted 2,100 Restricted Stock Units (RSUs) into 2,100 shares of common stock.
- He directly owns 565,980.229 shares of common stock following the transaction.
- Mr. Griffin also has indirect ownership through an adult son (2,000 shares), a Family Limited Partnership (1,326,736 shares), a revocable trust (300,000 shares), and an irrevocable trust (614,964.629 shares).
- He disclaims beneficial ownership of shares held by his adult son, the family limited partnership, and the revocable and irrevocable trusts, except to the extent of his pecuniary interest.
- Mr. Griffin is deemed to have indirect beneficial ownership of shares held by the revocable and irrevocable trusts due to his role as trustee and his mother being the beneficiary.
- He also holds 4,200 unvested RSUs, which will vest in two equal installments on April 3, 2026, and April 3, 2027, contingent upon continued employment, directorship, or consultancy with Escalade.
Sentiment
Score: 5
Explanation: This is a neutral report on insider transactions, with no inherent positive or negative implications for the company's performance.
Future Outlook
The remaining 4,200 RSUs will vest in two equal installments on April 3, 2026, and April 3, 2027, provided that the reporting person remains an employee, director, or consultant of Escalade.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 04/03/2025 | Date of transaction: Conversion of 2,100 RSUs into common stock. |
| 04/03/2026 | Vesting date for half of the remaining 4,200 RSUs. |
| 04/03/2027 | Vesting date for the remaining half of the 4,200 RSUs. |
| 04/04/2025 | Date of Form 4 filing. |
Keywords
beneficial ownership, Escalade Inc, Patrick J. Griffin, Form 4, RSUs, common stock, insider trading
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