David M. Benck - 25 Jul 2024 Form 4 Insider Report for HIBBETT INC

Role: SVP General Counsel
Signature: /s/ David M. Benck
Issuer symbol: N/A
Transactions as of: 25 Jul 2024
Net transactions value: -$3,343,112
Form type: 4
Filing time: 25 Jul 2024, 15:33:30 UTC
Previous filing: 01 Apr 2024
SEC: View on sec.gov

Key filing fact

David M. Benck filed Form 4 for HIBBETT INC on 25 Jul 2024.

Key facts

This page summarizes David M. Benck's Form 4 filing for HIBBETT INC.
4 reported transactions and 1 derivative row are listed below.
Filing timestamp: 25 Jul 2024, 15:33.

Change

Previous filing in this sequence was filed on 01 Apr 2024.
Current net transaction value: -$3,343,112.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

See Original Filing

Reported transactions

HIBB transaction

Common Stock

Options Exercise

Transaction value: $545,475
Shares: +6,234
Change %: +22%
Price: $87.50
Shares after: 35,092
Date: 25 Jul 2024
Ownership: Direct
Footnotes: F1, F2, F3

HIBB transaction

Common Stock

Award

Transaction value: $0
Shares: +9,349
Change %: +27%
Price: $0.000000
Shares after: 44,441
Date: 25 Jul 2024
Ownership: Direct
Footnotes: F1, F4

HIBB transaction

Common Stock

Disposed to Issuer

Transaction value: $3,888,588
Shares: -44,441
Change %: -100%
Price: $87.50
Shares after: 0
Date: 25 Jul 2024
Ownership: Direct
Footnotes: F1, F2, F4

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

HIBB transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -6,234
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 25 Jul 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,234
Exercise price: $0.000000
Footnotes: F2

An asterisk next to the price means the reported price is likely invalid.

David M. Benck is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Pursuant to the Agreement and Plan of Merger, dated as of April 23, 2024 (the Merger Agreement), by and among Hibbett, Inc., a Delaware corporation (the Company), Genesis Holdings, Inc., an Indiana corporation (Parent), Steps Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent (Merger Sub) and, solely for purposes of certain provisions specified therein, JD Sports Fashion plc, a company incorporated under the laws of England and Wales and the ultimate parent company of Parent and Merger Sub, each share of common stock, par value $0.01 per share, of the Company (Company Common Stock) was converted into the right to receive $87.50 in cash, without interest.
F2	Includes 6,234 restricted stock units. In accordance with the terms of the Merger Agreement, each Vested Company RSU Award (as defined in the Merger Agreement) that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (1) the number of shares of Company Common Stock then underlying such restricted stock unit award as of immediately prior to the effective time of the merger, and (2) the per share merger consideration of $87.50.
F3	Shares trued up to reflect stock purchased through the Issuer's 2015 Employee Stock Purchase Plan since the last filing on Statement of Changes in Beneficial Ownership on Form 4.
F4	Includes 9,349 performance stock units. In accordance with the terms of the Merger Agreement, each Vested Company PSU Award (as defined in the Merger Agreement) that was outstanding as of immediately prior to the effective time of the merger, automatically became fully vested and was cancelled by virtue of the merger without any action on the part of any holder or beneficiary thereof and entitled the holder to receive an amount in cash, without interest and subject to applicable withholding taxes, equal to the product of (1) the number of shares of Company Common Stock that would have vested pursuant to the terms of such performance stock unit award, assuming that any performance based vesting conditions applicable to such performance stock unit award for any performance period that had not been completed as of the effective time were achieved at target performance levels, and (2) the per share merger consideration of $87.50.