Walter P. Glazer Jr. - Mar 2, 2023 Form 4 Insider Report for ESCALADE INC (ESCA)

Signature
/s/ WALTER P. GLAZER, JR.
Stock symbol
ESCA
Transactions as of
Mar 2, 2023
Transactions value $
$282,170
Form type
4
Date filed
3/6/2023, 03:54 PM
Previous filing
Jan 3, 2023
Next filing
Jan 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ESCA Common Stock Options Exercise +25K +8.09% 334K Mar 2, 2023 Direct F1
transaction ESCA Common Stock Award $282K +22.1K +6.61% $12.78 356K Mar 3, 2023 Direct F2
transaction ESCA Common Stock Options Exercise +1.67K +0.47% 358K Mar 4, 2023 Direct F1
holding ESCA Common Stock 8.5K Mar 2, 2023 Shares held by spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ESCA Restricted Stock Units Options Exercise $0 -25K -33.33% $0.00 50K Mar 2, 2023 Common Stock 25K Direct F1, F3, F4
transaction ESCA Restricted Stock Units Options Exercise $0 -1.67K -100% $0.00* 0 Mar 4, 2023 Common Stock 1.67K Direct F1, F3, F5
transaction ESCA Restricted Stock Units Award $0 +83.3K $0.00 83.3K Mar 3, 2023 Common Stock 83.3K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units (RSUs) converted into common stock on a one-for-one basis.
F2 The grant of ESCA common stock is in lieu of cash payment of the 2022 annual cash incentive bonus payable to the reporting person for services as an officer. The ESCA common stock is awarded pursuant to the Escalade, Incorporated 2017 Incentive Plan.
F3 Each RSU represents a right to receive one share of Escalade common stock pursuant to the Escalade, Incorporated 2017 Incentive Plan (Escalade 2017 Plan).
F4 On March 2, 2022, the reporting person was granted 75,000 RSUs pursuant to the Escalade 2017 Plan, of which 25,000 RSUs vested and settled on March 2, 2023, as reported on this Form 4. The remaining 50,000 RSUs will vest one half on March 2, 2024 and one half on March 2, 2025, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.
F5 On March 4, 2021, the reporting person was granted 3,333 RSUs pursuant to the Escalade 2017 Plan, of which 1,666 RSUs vested and settled on March 4, 2022, as previously reported. The remaining 1,667 RSUs vested on March 4, 2023 and settled on March 6, 2023, as reported on this Form 4. All RSUs settle in shares of ESCA common stock.
F6 On March 3, 2022, the reporting person was granted 83,310 RSUs pursuant to the Escalade 2017 Plan, of which one third will vest on March 3, 2024, one third on March 3, 2025 and one third on March 3, 2026, provided that the reporting person remains an officer of Escalade. All RSUs settle in shares of ESCA common stock.