Form 4: Academy Sports & Outdoors CEO Steven Lawrence Reports Stock Transactions
SEC Form 4 Filing
CEO Steven Lawrence Paul reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On March 21, 2024, Steven Lawrence Paul, CEO of Academy Sports & Outdoors, reported transactions involving the company's stock.
- He converted 1,932 restricted stock units into 1,932 shares of common stock.
- He also disposed of 471 shares to satisfy tax withholding obligations at a price of $71.25 per share.
- Following these transactions, Lawrence directly owns 130,931 shares of common stock and 3,866 restricted stock units.
- The restricted stock units were granted under the company's 2020 Omnibus Incentive Plan and vest in three equal annual installments beginning on March 21, 2024.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as it can provide insights into management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date of grant for 5,798 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date. |
| 03/21/2024 | Date of restricted stock unit conversion and stock disposition for tax obligations. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
| 03/21/2033 | Expiration date of the restricted stock units. |
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