Ken C. Hicks - Dec 31, 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
Dec 31, 2022
Transactions value $
-$26,690
Form type
4
Date filed
1/4/2023, 03:21 PM
Previous filing
Nov 30, 2022
Next filing
Feb 1, 2023

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% 459K Dec 31, 2022 Direct F1
transaction ASO Common Stock Tax liability -$26.7K -508 -0.11% $52.54 458K Dec 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 Options Exercise $0 -1.27K -3.84% $0.00 31.8K Dec 31, 2022 Common Stock 1.27K Direct F1, F2, F3
* 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 (the "Plan").
F3 On March 31, 2021, the Reporting Person was granted 61,133 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. 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 performance-based restricted stock units 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.