Wawrin Stephen 4

What Happened Stephen Wawrin, Chief Financial Officer of Escalade, reported the conversion of 2,000 restricted stock units (RSUs) into 2,000 shares of Escalade common stock on March 11, 2026 (transaction code M — exercise/conversion). The filing also shows a reported disposition of 2,000 shares at $0 on the same date. No cash purchase or market sale was reported; this event reflects RSU vesting and conversion rather than an open-market buy or sale.

Key Details

• Transaction date: March 11, 2026.
• Reported transactions: Acquired 2,000 shares via RSU conversion (price N/A); Disposed 2,000 shares at $0 (reported as derivative disposition).
• Transaction code: M (exercise/conversion of derivative).
• Shares owned after the transaction: Not specified in the filing.
• Relevant footnotes: RSUs converted one-for-one into common stock under the Escalade 2017 Incentive Plan; the RSU award was granted on March 11, 2025 (6,000 RSUs total) of which 2,000 vested on March 11, 2026, with remaining tranches (2,000 each) slated for 3/11/2027 and 3/11/2028 if employment continues.
• Filing timeliness: No late filing was indicated in the reported data.

Context

• RSU conversions on vesting are non-cash compensation events (not market purchases). A reported disposition at $0 commonly reflects shares withheld to satisfy tax-withholding obligations on vesting, though the filing itself does not explicitly state the reason.
• For retail investors, vesting/conversion events are routine executive compensation activity and do not necessarily indicate confidence or concern about the company’s stock. Purchases (open-market buys) tend to be more informative about insider sentiment than routine RSU vesting.