KEN C. HICKS - 30 Mar 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: Chairman, President and CEO, Director
Signature: /s/ Gary Holland, Attorney-in-fact
Issuer symbol: ASO
Transactions as of: 30 Mar 2023
Net transactions value: -$78,605
Form type: 4
Filing time: 03 Apr 2023, 16:30:21 UTC
Previous filing: 23 Mar 2023
Next filing: 01 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASO	Common Stock	Options Exercise		+1,243	+0.26%		471,426	30 Mar 2023	Direct	F1
transaction	ASO	Common Stock	Tax liability	$38,883	-617	-0.13%	$63.02	470,809	30 Mar 2023	Direct
transaction	ASO	Common Stock	Options Exercise		+1,273	+0.27%		472,082	31 Mar 2023	Direct	F1
transaction	ASO	Common Stock	Tax liability	$39,721	-632	-0.13%	$62.85	471,450	31 Mar 2023	Direct

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	ASO	Restricted Stock Units	Options Exercise	$0	-1,243	-2.6%	$0.000000	46,345	30 Mar 2023	Common Stock	1,243		Direct	F1, F2, F3
transaction	ASO	Restricted Stock Units	Options Exercise	$0	-1,273	-4.3%	$0.000000	28,028	31 Mar 2023	Common Stock	1,273		Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common stock on a one-for-one basis.
F2	Granted under the Company's 2020 Omnibus Incentive Plan.
F3	On March 30, 2022, the Reporting Person was granted 63,760 performance-based restricted stock units ("RSUs"). These RSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 RSUs were deemed earned. Of this earned amount, 1/48 of the RSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), and thereafter, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 4,047 RSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of the fourth anniversary of the Vesting Commencement Date.
F4	On March 31, 2021, the Reporting Person was granted 61,133 performance-based RSUs. These RSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. Following certification of achievement of the performance criteria during fiscal 2021 by the Issuer's compensation committee on March 2, 2022, 1/48 of the total RSUs granted will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 31, 2021), and thereafter on each monthly anniversary of the Vesting Commencement Date.