Form 4: Academy Sports & Outdoors CEO Steven Lawrence Reports Stock Transactions
SEC Form 4 Filing
CEO Steven Lawrence reports the acquisition and disposal of Academy Sports & Outdoors stock and restricted stock units.
Summary
- On September 10, 2024, Steven Paul Lawrence, CEO of Academy Sports & Outdoors, reported transactions involving the company's stock.
- Lawrence acquired 10,931 shares of common stock through the conversion of restricted stock units.
- He also disposed of 4,302 shares to cover tax obligations at a price of $52.64 per share.
- Following these transactions, Lawrence directly owns 144,646 shares of Academy Sports & Outdoors common stock.
- The reported transactions also involved restricted stock units granted under the company's 2020 Omnibus Incentive Plan, which vest over time.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives of publicly traded companies. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CEO's holdings.
Key Dates
| Date | Description |
|---|---|
| 09/10/2021 | Reporting Person was granted 21,862 time-based restricted stock units that vest 50% on each the second and third anniversary of the date of grant. |
| 09/10/2024 | Date of stock and restricted stock unit transactions. |
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