Ken C. Hicks - Mar 1, 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
Mar 1, 2023
Transactions value $
-$356,497
Form type
4
Date filed
3/3/2023, 05:29 PM
Previous filing
Mar 2, 2023
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASO Common Stock Options Exercise +16.2K +3.52% 476K Mar 1, 2023 Direct F1
transaction ASO Common Stock Tax liability -$356K -6.03K -1.27% $59.15 470K Mar 1, 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 -16.2K -25.36% $0.00 47.6K Mar 1, 2023 Common Stock 16.2K 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.
F3 On 3/30/22, the Reporting Person was granted 63,760 performance-based restricted stock units ("RSUs"). These RSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On 3/1/23, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 RSUs were deemed earned. Of this earned amount, 1/48 of the RSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., 1/30/22), and thereafter, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 4,047 RSUs) may vest 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.