Ken C. Hicks - Mar 21, 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ASO	Restricted Stock Units	Award	$0	+58K	$0.00	58K	Mar 21, 2023	Common Stock	58K		Direct	F1, F2, F3
transaction	ASO	Stock Options (Right to Buy)	Award	$0	+62.6K	$0.00	62.6K	Mar 21, 2023	Common Stock	62.6K	$64.67	Direct	F1, F4
transaction	ASO	Restricted Stock Units	Award	$0	+29K	$0.00	29K	Mar 21, 2023	Common Stock	29K		Direct	F1, F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F2	Each restricted stock unit represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
F3	On March 21, 2023, the Reporting Person was granted 57,986 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain preestablished performance metrics related to the Company's (i) adjusted pre-tax income, and (ii) return on invested capital over a 3-year period beginning on January 29, 2023 and ending on January 31, 2026, are achieved and certified by the Issuer's compensation committee (which, if any, may vary from 0% to 200% of the number shown above), subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F4	These time-based options vest in three equal installments beginning on the first anniversary of the grant date.
F5	These time-based RSUs vest in three equal installments beginning on the first anniversary of the grant date.