Steven Paul Lawrence - Jan 30, 2024 Form 4 Insider Report for Academy Sports & Outdoors, Inc. (ASO)

Role
CEO, Director
Signature
/s/ Gary Holland, Attorney-in-Fact
Stock symbol
ASO
Transactions as of
Jan 30, 2024
Transactions value $
-$84,750
Form type
4
Date filed
2/1/2024, 04:19 PM
Previous filing
Sep 11, 2023
Next filing
Mar 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASO Common Stock Options Exercise +1.99K +1.58% 128K Jan 30, 2024 Direct F1, F2
transaction ASO Common Stock Tax liability -$36.4K -555 -0.43% $65.51 127K Jan 30, 2024 Direct
transaction ASO Common Stock Options Exercise +3.06K +2.4% 130K Jan 31, 2024 Direct F1
transaction ASO Common Stock Tax liability -$48.4K -745 -0.57% $64.96 129K Jan 31, 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 -1.99K -30.56% $0.00 4.52K Jan 30, 2024 Common Stock 1.99K Direct F1, F3, F4
transaction ASO Restricted Stock Units Options Exercise $0 -3.06K -50% $0.00 3.06K Jan 31, 2024 Common Stock 3.06K Direct F1, F3, F5
* 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 Includes shares of Common Stock acquired under the Issuer's employee stock purchase plan.
F3 Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
F4 On March 3, 2022, the Reporting Person was granted 8,501 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 March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 7,961 RSUs 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., 540 RSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.
F5 On March 31, 2021, the Reporting Person was granted 12,226 performance-based restricted stock units. These performance-based restricted stock units 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% will vest in three equal annual installments beginning on January 31, 2023, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.