Glazer Walter P. Jr. 4

What Happened
Walter P. Glazer Jr., a director of Escalade, received a grant of 5,000 restricted stock units (RSUs) on May 6, 2026 and on May 7, 2026 converted 2,250 vested RSUs into common shares. The 2,250 shares converted on May 7 were promptly transferred (disposed) — at no cash cost — in a transaction associated with a trust for the benefit of his son. No cash changed hands for these derivative conversions (reported $0).

Key Details

• Transaction dates: RSU grant on 2026-05-06; RSU conversion/transfer on 2026-05-07. Filing date: 2026-05-08 (timely).
• Grant: 5,000 RSUs granted under the Escalade 2017 Incentive Plan (reported at $0.00). Vesting: 2,500 shares on 5/6/2027 and 2,500 on 5/6/2028 (conditions: continued service as director).
• Conversion/transfer: 2,250 RSUs (half of a prior 4,500 RSU grant from 5/7/2025) vested and were converted to common stock on 5/7/2026 and transferred to a trust for the reporting person’s son (reported $0.00).
• Footnotes: F1–F5 explain that RSUs convert one-for-one to shares (F1, F3), the May 6, 2026 grant vesting schedule (F4), the prior 4,500 RSU grant and vesting (F5), and that the recipient trust is for his son with spouse as trustee (F2).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context

• RSUs are derivative awards that become actual shares upon vesting; these conversions involved no cash payment (common for RSU vesting or delivery).
• The converted/transfered shares appear to be a non-market transfer to a family trust rather than an open-market sale — such transfers often reflect estate or family planning rather than a statement about company outlook.
• No 10b5-1 plan, late filing, or cash-proceeds sale was reported in the disclosed transactions.