Escalade CFO exercises 2,400 restricted stock units
Escalade Inc.’s chief financial officer Stephen Wawrin exercised restricted stock units into common shares as part of his equity compensation.
Rhea-AI Filing Summary
Escalade Inc.’s chief financial officer Stephen Wawrin exercised restricted stock units into common shares as part of his equity compensation. On April 3, 2026, 2,400 restricted stock units converted into 2,400 shares of common stock at a conversion price of $0.00 per share.
Following this transaction, Wawrin directly holds 48,177 shares of Escalade common stock. The RSUs stem from a 7,200-unit grant under the Escalade, Incorporated 2017 Incentive Plan, of which 2,400 vested on April 3, 2025 and 2,400 vested on April 3, 2026; the remaining 2,400 RSUs are scheduled to vest on April 3, 2027 if he continues in eligible service.
Positive
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Negative
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Insider Trade Summary
2,400 shares exercised/converted
Exercise
2 txns
Insider
Wawrin Stephen
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,400 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,400 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,400 contracts (Direct);
Common Stock — 48,177 shares (Direct)
Footnotes (3)
- F1. Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
- F2. Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
- F3. On April 3, 2024, the reporting person was granted 7,200 RSUs pursuant to the Escalade 2017 Plan, of which 2,400 RSUs vested and settled on April 3, 2025 and 2,400 RSUs vested and settled on April 3, 2026. The remaining 2,400 RSUs will vest on April 3, 2027, provided that the reporting person remains an employee, director or consultant of Escalade.
Key Figures
RSUs exercised: 2,400 units
Shares received: 2,400 shares
Shares held after transaction: 48,177 shares
+5 more
8 metrics
RSUs exercised
2,400 units
Restricted Stock Units converted to common stock on April 3, 2026
Shares received
2,400 shares
Common stock issued upon RSU conversion on April 3, 2026
Shares held after transaction
48,177 shares
Direct common stock holdings following April 3, 2026 transaction
Original RSU grant
7,200 units
Grant under Escalade 2017 Incentive Plan on April 3, 2024
First RSU vesting
2,400 units
RSUs vested and settled on April 3, 2025
Second RSU vesting
2,400 units
RSUs vested and settled on April 3, 2026
Remaining RSUs scheduled
2,400 units
RSUs scheduled to vest on April 3, 2027 if service continues
Conversion price
$0.00 per share
Conversion of RSUs into common stock
Key Terms
Restricted Stock Units, RSUs, Escalade 2017 Plan, derivative security, +1 more
5 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.
RSUs financial
"On April 3, 2024, the reporting person was granted 7,200 RSUs pursuant to the Escalade 2017 Plan, of which 2,400 RSUs vested and settled on April 3, 2025 and 2,400 RSUs vested and settled on April 3, 2026."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Escalade 2017 Plan financial
"Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan)."
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.
vest financial
"The remaining 2,400 RSUs will vest on April 3, 2027, provided that the reporting person remains an employee, director or consultant of Escalade."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Escalade (ESCA) report for its CFO?
Escalade reported its CFO, Stephen Wawrin, exercised 2,400 restricted stock units into 2,400 shares of common stock at a $0.00 conversion price. This transaction reflects equity compensation vesting rather than an open-market share purchase or sale.
What was the size and structure of the CFO’s Escalade RSU grant?
On April 3, 2024, the CFO received 7,200 restricted stock units under the Escalade 2017 Incentive Plan. These are structured in three equal tranches of 2,400 RSUs each, vesting annually in 2025, 2026 and 2027, contingent on continued service.
Is the Escalade CFO’s Form 4 transaction a market sale or purchase?
The transaction is an exercise and conversion of restricted stock units, not an open-market sale or purchase. RSUs granted under the Escalade 2017 Incentive Plan converted on a one-for-one basis into common shares as part of his compensation.
What plan governs the Escalade (ESCA) CFO’s RSU award reported here?
The RSUs are granted under the Escalade, Incorporated 2017 Incentive Plan. Each restricted stock unit represents a right to receive one share of Escalade common stock upon vesting and settlement according to the plan’s terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
