Form 4: Academy Sports & Outdoors CEO Steven Lawrence Reports Stock Transactions
SEC Form 4 Filing
CEO Steven Lawrence 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, 2025, Steven Paul Lawrence, CEO of Academy Sports & Outdoors, reported transactions involving the company's stock.
- He converted 1,933 restricted stock units into common stock.
- He also disposed of 761 shares of common stock at a price of $47.42 to satisfy tax obligations.
- Following these transactions, Lawrence directly owns 149,584 shares of common stock and 1,933 restricted stock units.
- The restricted stock units were granted under the company's 2020 Omnibus Incentive Plan and vest in three equal installments beginning on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations, without indicating any significant positive or negative developments.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2025 | Date of stock transactions: conversion of restricted stock units and disposition of shares for tax obligations. |
| 03/21/2033 | Expiration date of restricted stock units. |
Keywords
Form 4, insider trading, stock transaction, restricted stock units, Academy Sports & Outdoors, ASO, CEO, Steven Lawrence
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