Form 4: Academy Sports & Outdoors CEO Increases Direct Stock Ownership Following RSU Vesting

Academy Sports & Outdoors CEO, Steven Paul Lawrence, increased his direct beneficial ownership of common stock by 6,014 shares after the vesting of restricted stock units and a subsequent sale for tax obligations.

Summary

• Steven Paul Lawrence, CEO and Director of Academy Sports & Outdoors, Inc. (ASO), reported transactions on June 9, 2025.
• He acquired 9,917 shares of common stock through the conversion of restricted stock units (RSUs) on a one-for-one basis.
• These RSUs were granted under the Company's 2020 Omnibus Incentive Plan.
• Concurrently, he disposed of 3,903 shares of common stock at a price of $43.46 per share to cover tax liabilities related to the RSU vesting.
• Following these transactions, Mr. Lawrence's direct beneficial ownership of common stock stands at 165,631 shares.
• He also beneficially owns 9,917 unvested restricted stock units, which represent the final installment of a 29,750 RSU grant from June 9, 2023, vesting in three equal annual installments.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as the CEO's net direct ownership of common stock increased, indicating continued alignment with shareholder interests, despite a portion being sold for tax purposes which is a standard practice.

Positives

• The CEO's direct beneficial ownership of common stock increased by a net of 6,014 shares (9,917 acquired minus 3,903 sold for tax), indicating continued alignment with shareholder interests.
• The vesting of restricted stock units demonstrates the company's equity compensation plan is progressing as scheduled, rewarding executive performance.

Negatives

• A portion of the acquired shares (3,903 shares) was immediately sold to cover tax obligations, which is a common practice but reduces the total number of shares directly held by the CEO from the vesting event.

Future Outlook

The document indicates that 9,917 restricted stock units remain unvested, suggesting a future vesting event for the final installment of the original grant.

Industry Context

This Form 4 filing is a routine disclosure of an insider's equity transactions and does not provide broader industry context or trends. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: The CEO's increased direct ownership aligns his interests more closely with shareholders, which can be viewed positively.
• Employees: The report reflects the operation of the company's equity incentive plan, which is a common component of executive compensation.

Next Steps

• The remaining 9,917 unvested restricted stock units are expected to vest on the third anniversary of the grant date (June 9, 2026), subject to continued service.

Key Dates

Keywords

Academy Sports & Outdoors, ASO, Steven Paul Lawrence, CEO, Director, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Equity Compensation, Stock Ownership