SCHEDULE 13G/A: Patrick J. Griffin Maintains Significant Stake in Escalade Inc., Holding Over 20% of Common Stock

Patrick J. Griffin has filed an amended Schedule 13G, reaffirming his beneficial ownership of 20.2% of Escalade Inc.'s common stock, totaling over 2.8 million shares.

Summary

• Patrick J. Griffin reported beneficial ownership of 2,801,415.858 shares of Escalade Inc. common stock as of December 31, 2024.
• This ownership represents 20.18% of the total class of securities.
• Mr. Griffin holds sole voting and dispositive power over 557,715.229 shares.
• He holds shared voting and dispositive power over 2,243,700.629 shares.
• The total beneficial ownership includes 5,617 restricted stock units that are set to vest in full on or before April 3, 2025.
• Mr. Griffin disclaims beneficial ownership interest in 1,326,736 shares owned by a family limited partnership and 2,000 shares owned by his adult son, except to the extent of his pecuniary interest.
• He also disclaims beneficial ownership interest in 614,964.629 shares held in an irrevocable trust (previously owned by his late father) and 300,000 shares held in a revocable trust owned by his mother, except to the extent of his pecuniary interest.
• Mr. Griffin is deemed to have an indirect beneficial ownership in the 914,964.629 shares held by these trusts due to his role as a trustee and his mother being the beneficiary.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of a significant and stable ownership stake by a key individual, which is generally viewed as a positive indicator of alignment between management/insider interests and shareholder value. It contains no negative operational or financial news.

Positives

• The filing indicates a substantial and continued ownership stake by Patrick J. Griffin, a key individual, which can align his interests with those of other shareholders.
• Significant insider ownership often signals confidence in the company's long-term prospects.

Stakeholder Impact

• Shareholders: The significant ownership stake by Patrick J. Griffin may provide confidence due to aligned interests with a major shareholder.

Key Dates

Keywords

Escalade Inc., ESCA, Schedule 13G, Beneficial Ownership, Insider Ownership, Common Stock, SEC Filing, Patrick J. Griffin, Shareholder Stake