Ken C. Hicks - Jan 31, 2023 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
Jan 31, 2023
Transactions value $
-$25,106
Form type
4
Date filed
2/1/2023, 03:29 PM
Previous filing
Jan 4, 2023
Next filing
Mar 2, 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% 460K Jan 31, 2023 Direct F1
transaction ASO Common Stock Tax liability -$25.1K -442 -0.1% $56.80 459K Jan 31, 2023 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 -4% $0.00 30.6K Jan 31, 2023 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.