Heather A. Davis - Mar 30, 2022 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: SVP-Accounting Treasury Tax
Signature: /s/ Gary Holland, Attorney-in-fact
Stock symbol: ASO
Transactions as of: Mar 30, 2022
Transactions value $: $0
Form type: 4
Date filed: 4/1/2022, 05:56 PM
Previous filing: Mar 4, 2022
Next filing: Oct 26, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ASO	Common Stock						1.69K	Mar 30, 2022	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	Award	$0	+2.13K		$0.00	2.13K	Mar 30, 2022	Common Stock	2.13K		Direct	F1, F2, F3
transaction	ASO	Stock Options (Right to Buy)	Award	$0	+10.2K		$0.00	10.2K	Mar 30, 2022	Common Stock	10.2K	$39.17	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Granted under the Company's 2020 Omnibus Incentive Plan.
F2	Each restricted stock unit represents a contingent right upon vesting to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
F3	On March 30, 2022, the Reporting Person was granted 2,125 performance-based restricted stock units. These performance-based restricted stock units vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. The number of shares of Common Stock that the Reporting Person may be entitled to receive upon vesting, if any, may vary from 0% to 100% of the number shown above based on the Issuer's achievement of certain performance criteria for fiscal 2022, and will vest in four equal annual installments beginning on the date of certification by the Issuer's compensation committee and thereafter on or after the second, third and fourth anniversaries of the Vesting Commencement Date (i.e., January 30, 2022), or 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	These time-based options vest in four equal installments beginning on first anniversary of the grant date.