Manish Maini - Mar 1, 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role
SVP, Chief Information Officer
Signature
/s/ Gary Holland, Attorney-in-fact
Stock symbol
ASO
Transactions as of
Mar 1, 2023
Transactions value $
-$27,801
Form type
4
Date filed
3/3/2023, 05:39 PM
Previous filing
Feb 1, 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 +1.19K +1.15% 105K Mar 1, 2023 Direct F1
transaction ASO Common Stock Tax liability -$27.8K -470 -0.45% $59.15 105K 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 -1.19K -23.41% $0.00 3.91K Mar 1, 2023 Common Stock 1.19K 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 5,100 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 4,776 RSUs were deemed earned. Of this earned amount, 25% of the earned amount of this grant vested on 3/1/23, and the remaining 75% will vest in three equal annual installments beginning on 1/30/24, 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., 324 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 (i.e., 1/30/22).