Ken C. Hicks - Dec 30, 2023 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role
Executive Chairman, Director
Signature
/s/ Gary Holland, Attorney-in-Fact
Stock symbol
ASO
Transactions as of
Dec 30, 2023
Transactions value $
-$82,434
Form type
4
Date filed
1/3/2024, 09:04 AM
Previous filing
Dec 1, 2023
Next filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASO Common Stock Options Exercise +1.24K +0.26% 483K Jan 2, 2024 Direct F1
transaction ASO Common Stock Options Exercise +1.27K +0.26% 484K Jan 2, 2024 Direct F1
transaction ASO Common Stock Tax liability -$82.4K -1.25K -0.26% $66.00 483K Jan 2, 2024 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 -1.24K -3.42% $0.00 35.2K Dec 30, 2023 Common Stock 1.24K Direct F1, F2, F3
transaction ASO Restricted Stock Units Options Exercise $0 -1.27K -7.14% $0.00 16.6K Dec 31, 2023 Common Stock 1.27K Direct F1, F2, F4
* 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 March 30, 2022, the Reporting Person was granted 63,760 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. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 PRSUs were deemed earned. Of this earned amount, 1/48 of the PRSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), 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 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.
F4 On March 31, 2021, the Reporting Person was granted 61,133 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 100% achievement of the performance criteria during fiscal 2021 by the Issuer's compensation committee on March 2, 2022, 1/48 of the total PRSUs 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.