Earl Carlton Ford IV - Jul 12, 2023 Form 3 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role
EVP & CFO
Signature
/s/ Gary Holland, Attorney-in-fact
Stock symbol
ASO
Transactions as of
Jul 12, 2023
Transactions value $
$0
Form type
3
Date filed
7/12/2023, 05:18 PM
Next filing
Sep 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ASO Common Stock 6.17K Jul 12, 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
holding ASO Stock Options (Right to Buy) Jul 12, 2023 Common Stock 11.4K $26.99 Direct F1, F2
holding ASO Stock Options (Right to Buy) Jul 12, 2023 Common Stock 10.2K $39.17 Direct F1, F3
holding ASO Restricted Stock Units Jul 12, 2023 Common Stock 1.22K Direct F1, F4, F5
holding ASO Restricted Stock Units Jul 12, 2023 Common Stock 1.63K Direct F1, F5, F6
holding ASO Restricted Stock Units Jul 12, 2023 Common Stock 3.87K Direct F1, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F2 These time-based stock options vest in four annual installments beginning on March 31, 2022.
F3 These time-based stock options vest in four annual installments beginning on March 30, 2023.
F4 On March 31, 2021, the Reporting Person was granted 2,445 performance-based restricted stock units ("PRSUs"). These PRSUs 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, 25% of this grant vested on March 2, 2022, and the remaining 75% vest in three equal annual installments beginning on January 31, 2023.
F5 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
F6 On March 30, 2022, the Reporting Person was granted 2,125 PRSUs. These PRSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 1,990 PRSUs were deemed earned. Of this earned amount, 25% of the earned amount of this grant vested on March 1, 2023, and the remaining 75% will vest in three equal annual installments beginning on January 30, 2024, 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., 135 PRSUs) 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., January 30, 2022).
F7 On March 21, 2023, the Reporting Person was granted 3,865 time-based RSUs that vest in three equal installments beginning on the first anniversary of the grant date.

Remarks:

EXHIBIT LIST: EX-24: Power of Attorney Earl Carlton Ford, IV