Escalade Inc (ESCA) director converts 19,150 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Escalade Inc director Walter P. Glazer Jr. exercised 19,150 Restricted Stock Units (RSUs) into an equal number of common shares on April 3, 2026 at a price of $0.00 per share. These RSUs converted to common stock on a one-for-one basis under the Escalade, Incorporated 2017 Incentive Plan.
The RSUs came from a 57,450-unit grant on April 3, 2024, with 19,150 units vesting and settling on each of April 3, 2025 and April 3, 2026. The remaining 19,150 RSUs are scheduled to vest on April 3, 2027 if he continues as an employee, director or consultant.
Following the transaction, Glazer directly owns 392,130 shares of Escalade common stock. He also reports indirect holdings of 140,000 shares and 44,000 shares held by trusts and 8,500 shares held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
19,150 shares exercised/converted
Mixed
5 txns
Insider
Glazer Walter P. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 19,150 | $0.00 | -- |
| Exercise | Common Stock | 19,150 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 19,150 shares (Direct);
Common Stock — 392,130 shares (Direct);
Common Stock — 140,000 shares (Indirect, By Trust)
Footnotes (1)
- Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis. Trust for the benefit of the respondent's son for which the respondent's spouse is the trustee Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan). On April 3, 2024, the reporting person was granted 57,450 RSUs pursuant to the Escalade 2017 Plan, of which 19,150 RSUs vested and settled on April 3, 2025 and 19,150 RSUs vested and settled on April 3, 2026. The remaining 19,150 RSUs will vest on April 3, 2027, provided that the reporting person remains an employee, director or consultant of Escalade.
Key Figures
RSUs exercised: 19,150 units
Direct common stock holdings: 392,130 shares
Trust holdings (son’s trust): 140,000 shares
+5 more
8 metrics
RSUs exercised
19,150 units
Converted to common stock on April 3, 2026
Direct common stock holdings
392,130 shares
Shares directly owned after RSU conversion
Trust holdings (son’s trust)
140,000 shares
Common stock held indirectly by trust
Additional trust holdings
44,000 shares
Common stock held indirectly by another trust
Spouse-held shares
8,500 shares
Common stock held indirectly by spouse
Original RSU grant
57,450 units
Granted on April 3, 2024 under 2017 Plan
Annual RSU vesting tranches
19,150 units each
Vestings in 2025, 2026, 2027 subject to service
Exercise price
$0.00 per share
RSUs converted to common stock at no cash cost
Key Terms
Restricted Stock Units, derivative security, 2017 Incentive Plan, vested and settled, +2 more
6 terms
Restricted Stock Units financial
"Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
2017 Incentive Plan financial
"pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan)."
vested and settled financial
"19,150 RSUs vested and settled on April 3, 2025 and 19,150 RSUs vested and settled on April 3, 2026."
By Trust financial
"nature_of_ownership: By Trust"
FAQ
What did Escalade (ESCA) director Walter P. Glazer Jr. report in this Form 4?
He reported exercising 19,150 Restricted Stock Units into an equal number of Escalade common shares at $0.00 per share. The units converted on a one-for-one basis under Escalade’s 2017 Incentive Plan as part of a previously granted equity award.
How many Escalade (ESCA) RSUs were originally granted to Walter P. Glazer Jr.?
On April 3, 2024, he was granted 57,450 Restricted Stock Units under the Escalade 2017 Incentive Plan. These RSUs were structured to vest in three equal tranches of 19,150 units each in 2025, 2026 and 2027, subject to continued service.
What is the vesting schedule of Walter P. Glazer Jr.’s Escalade RSUs?
The 57,450 RSUs vest in three tranches of 19,150 units. Tranches vested and settled on April 3, 2025 and April 3, 2026, with the final 19,150 units scheduled to vest on April 3, 2027 if he remains with Escalade.