Ken C. Hicks - Mar 30, 2022 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role: Chairman, President and CEO, Director
Signature: /s/ Gary Holland, Attorney-in-fact
Stock symbol: ASO
Transactions as of: Mar 30, 2022
Transactions value $: -$17,274
Form type: 4
Date filed: 4/1/2022, 06:04 PM
Previous filing: Mar 4, 2022
Next filing: May 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASO	Common Stock	Options Exercise		+1.27K	+0.28%		453K	Mar 31, 2022	Direct	F1
transaction	ASO	Common Stock	Tax liability	-$17.3K	-441	-0.1%	$39.17	452K	Mar 31, 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	+63.8K		$0.00	63.8K	Mar 30, 2022	Common Stock	63.8K		Direct	F2, F3, F4
transaction	ASO	Stock Options (Right to Buy)	Award	$0	+308K		$0.00	308K	Mar 30, 2022	Common Stock	308K	$39.17	Direct	F2, F5
transaction	ASO	Restricted Stock Units	Options Exercise	$0	-1.27K	-2.86%	$0.00	43.3K	Mar 31, 2022	Common Stock	1.27K		Direct	F1, F2, F6

* 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	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").
F4	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. 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. Upon certification by the Issuer's compensation committee, 1/48 of the total PRSUs granted will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), and thereafter on each monthly anniversary of the Vesting Commencement Date, 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.
F5	These time-based options vest in 48 equal monthly installments beginning on first anniversary of the grant date.
F6	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 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.