KEN C. HICKS - 30 Aug 2024 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role
Director
Signature
/s/ Gary Holland, Attorney-in-Fact
Issuer symbol
ASO
Transactions as of
30 Aug 2024
Net transactions value
-$69,177
Form type
4
Filing time
03 Sep 2024, 16:42:27 UTC
Previous filing
31 Jul 2024
Next filing
30 Sep 2024
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 +1,244 +0.29% 424,901 30 Aug 2024 Direct F1
transaction ASO Common Stock Tax liability $34,114 -617 -0.15% $55.29 424,284 30 Aug 2024 Direct
transaction ASO Common Stock Options Exercise +1,274 +0.3% 425,558 31 Aug 2024 Direct F1
transaction ASO Common Stock Tax liability $35,063 -632 -0.15% $55.48 424,926 03 Sep 2024 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 -1,244 -4.7% $0.000000 25,201 30 Aug 2024 Common Stock 1,244 Direct F1, F2, F3
transaction ASO Restricted Stock Units Options Exercise $0 -1,274 -17% $0.000000 6,370 31 Aug 2024 Common Stock 1,274 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 ("PRSUs"). These PRSUs 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 PRSUs were deemed earned. Of this earned amount, 1/48 of the PRSUs 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 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.
F4 On March 31, 2021, the Reporting Person was granted 61,133 PRSUs. These PRSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. Following certification of 100% achievement of the performance criteria during fiscal 2021 by the Issuer's compensation committee on March 2, 2022, 1/48 of the total PRSUs 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.