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ESCALADE INC·4

Mar 12, 4:31 PM ET

Griffin Patrick J 4

4 · ESCALADE INC · Filed Mar 12, 2026

Research Summary

AI-generated summary of this filing

Updated

Escalade (ESCA) 10% Owner Patrick J. Griffin Receives RSU Shares

What Happened

  • Patrick J. Griffin (reported as a 10% owner) had 1,840 restricted stock units (RSUs) vest on March 11, 2026. The RSUs converted one-for-one into 1,840 shares of Escalade common stock. The filing shows a simultaneous disposition of 1,840 shares at $0.00.
  • No purchase price or cash proceeds are reported for the conversion/disposition. This was a vesting/conversion of awards, not an open-market buy or sale.

Key Details

  • Transaction date: March 11, 2026; Form 4 filed March 12, 2026 (timely).
  • Reported transaction code: M (exercise/conversion of derivative — here RSU conversion into shares).
  • Shares vested/issued: 1,840 RSUs → 1,840 common shares. Disposition shown: 1,840 shares @ $0.00.
  • Footnotes of note:
    • F1/F7: Each RSU converts to one share under the Escalade 2017 Incentive Plan.
    • F8: These RSUs were part of a 5,520 RSU grant on March 11, 2025; 1,840 vested on 3/11/2026, with the remaining tranches vesting in 2027 and 2028.
    • F2–F6: Griffin disclaims beneficial ownership of certain family-held shares except to the extent of pecuniary interest; he is deemed to have indirect beneficial ownership of large blocks held in trusts (noted in filings).
  • Shares owned after transaction: total post-transaction holdings are not specified in the provided excerpt.

Context

  • When RSUs vest, it's common for some or all shares to be withheld or surrendered to cover taxes. The filing shows a disposition of the exact 1,840 shares at $0.00, which typically indicates withholding or surrender rather than a market sale.
  • This was an award vesting event (routine compensation), not an insider purchase or market sale that would more directly signal trading conviction.

Insider Transaction Report

Form 4
Period: 2026-03-11
ESCALADE INCESCA
Griffin Patrick J
DirectorPRESIDENT & CEO10% Owner
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-11+1,840→ 578,355.229 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F7][F8]
    2026-03-11−1,840→ 3,680 total
    Exp: 2028-03-11→ Common Stock (1,840 underlying)
Holdings

  • Common Stock

    [F2]
    (indirect: By adult son)
    3,289

  • Common Stock

    [F3]
    (indirect: by UTMA custodian for adult daughter)
    1,289

  • Common Stock

    [F4]
    (indirect: By Trust)
    614,964.629

  • Common Stock

    [F5]
    (indirect: By Partnership)
    1,326,736

  • Common Stock

    [F6]
    (indirect: By Trust)
    300,000
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 ESCA common stock granted pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
  • [F8]On March 11, 2025, the reporting person was granted 5,520 RSUs pursuant to the Escalade 2017 Plan, of which 1,840 RSUs vested on March 11, 2026. An additional 1,840 RSUs will vest on March 11, 2027 and 1,840 RSUs will vest on March 11, 2028, provided that the reporting person remains an employee, director or consultant of Escalade.
Signature
/s/ Patrick J. Griffin|2026-03-12

Documents

1 file
  • 4
    form4-03122026_040327.xmlPrimary