Escalade CEO exercises 2,100 RSUs, adds shares
Escalade Inc. President & CEO Patrick J. Griffin exercised 2,100 Restricted Stock Units into 2,100 shares of common stock on April 3, 2026, at an exercise price of $0.00 per share under the Escalade, Incorporated 2017 Incentive Plan.
Rhea-AI Filing Summary
Escalade Inc. President & CEO Patrick J. Griffin exercised 2,100 Restricted Stock Units into 2,100 shares of common stock on April 3, 2026, at an exercise price of $0.00 per share under the Escalade, Incorporated 2017 Incentive Plan.
Following the transaction, he holds 580,455.229 Escalade common shares directly. The filing also lists indirect holdings attributed to family members and various trusts and a family limited partnership, where he largely disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2,100 shares exercised/converted
Exercise
7 txns
Insider
Griffin Patrick J
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,100 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,100 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,100 contracts (Direct);
Common Stock — 580,455.229 shares (Direct);
Common Stock — 3,289 shares (Indirect, By adult son);
Common Stock — 1,289 shares (Indirect, by UTMA custodian for adult daughter);
Common Stock — 614,964.629 shares (Indirect, By Irevocable Trust);
Common Stock — 1,326,736 shares (Indirect, By Family Limited Partnership);
Common Stock — 300,000 shares (Indirect, By Revocable Trust)
Footnotes (8)
- F1. Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
- F2. Mr. Griffin disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein.
- F3. Mr. Griffin disclaims beneficial interest in shares held by his adult daughter, except to the extent of his pecuniary interest therein.
- F4. Mr. Griffin disclaims beneficial ownership in shares held by an irrevocable trust (previously owned by his late father), except to the extent of his pecuniary interest therein. Mr. Griffin is deemed to have an indirect beneficial ownership in the 614,964.629 shares held by such trusts due to his serving as a trustee and his mother being the beneficiary.
- F5. This reporting person disclaims beneficial ownership in shares held by the family limited partnership, except to the extent of his pecuniary interest therein.
- F6. Mr. Griffin disclaims beneficial ownership in shares held by a revocable trust owned by his mother, except to the extent of his pecuniary interest therein. Mr. Griffin is deemed to have an indirect beneficial ownership in the 300,000 shares held by such trusts due to his serving as a trustee and his mother being the beneficiary.
- F7. Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
- F8. On April 3, 2024, the reporting person was granted 6,300 RSUs pursuant to the Escalade 2017 Plan, of which 2,100 RSUs vested and settled on April 3, 2025 and 2,100 RSUs vested and settled on April 3, 2026. The remaining 2,100 RSUs will vest on April 3, 2027, provided that the reporting person remains an employee, director or consultant of Escalade.
Key Figures
RSUs exercised: 2,100 units
Exercise price: $0.00 per share
Direct common shares after transaction: 580,455.229 shares
+5 more
8 metrics
RSUs exercised
2,100 units
RSUs converted one-for-one into common stock on April 3, 2026
Exercise price
$0.00 per share
Conversion of Restricted Stock Units into common stock
Direct common shares after transaction
580,455.229 shares
Direct ownership of Escalade common stock after April 3, 2026 exercise
RSU grant size
6,300 RSUs
Grant on April 3, 2024 under Escalade 2017 Incentive Plan
Future RSUs vesting
2,100 RSUs
Scheduled to vest on April 3, 2027 if service continues
Irrevocable trust holdings
614,964.629 shares
Common stock held by irrevocable trust where Griffin is trustee
Family limited partnership holdings
1,326,736 shares
Common stock held by family limited partnership
Revocable trust holdings
300,000 shares
Common stock held by revocable trust owned by Griffin’s mother
Key Terms
Restricted Stock Units, Escalade, Incorporated 2017 Incentive Plan, pecuniary interest, irrevocable trust, +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.
Escalade, Incorporated 2017 Incentive Plan financial
"Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan."
pecuniary interest financial
"disclaims beneficial interest in shares held by his adult son, except to the extent of his pecuniary interest therein."
irrevocable trust financial
"beneficial ownership in shares held by an irrevocable trust (previously owned by his late father), except to the extent of his pecuniary interest therein."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
family limited partnership financial
"disclaims beneficial ownership in shares held by the family limited partnership, except to the extent of his pecuniary interest therein."
revocable trust financial
"beneficial ownership in shares held by a revocable trust owned by his mother, except to the extent of his pecuniary interest therein."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Escalade (ESCA) CEO Patrick Griffin report?
Patrick J. Griffin reported exercising 2,100 Restricted Stock Units into 2,100 Escalade common shares at an exercise price of $0.00 per share. The RSUs converted on a one-for-one basis under the Escalade, Incorporated 2017 Incentive Plan.
What are the key details of the RSU grant to Escalade (ESCA) CEO Griffin?
On April 3, 2024, Patrick J. Griffin was granted 6,300 RSUs under the Escalade 2017 Plan. Of these, 2,100 RSUs vested April 3, 2025, 2,100 vested April 3, 2026, and the remaining 2,100 are scheduled to vest April 3, 2027, conditional on continued service.
Does the Escalade (ESCA) CEO have remaining unvested RSUs after this exercise?
Yes. Of the 6,300 RSUs granted on April 3, 2024, a remaining 2,100 RSUs are scheduled to vest on April 3, 2027. This vesting is contingent on Patrick J. Griffin continuing as an employee, director, or consultant of Escalade.
AI-generated analysis. How Rhea-AI works. Not financial advice.
