Form 4: Academy Sports & Outdoors Chairman Receives Stock Units

Ken C. Hicks, Chairman of Academy Sports & Outdoors, was granted 5,218 restricted stock units on June 14, 2024.

Summary

• Ken C. Hicks, Chairman of Academy Sports & Outdoors, received 5,218 restricted stock units on June 14, 2024.
• These units were granted under the company's 2020 Omnibus Incentive Plan.
• Each unit represents the right to receive one share of Academy Sports & Outdoors common stock upon vesting.
• The restricted stock units vest 100% on the earliest of (i) the first anniversary of the grant date, (ii) termination due to death or disability, or (iii) a change in control.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The grant of restricted stock units aligns the Chairman's interests with those of the shareholders.
• The vesting schedule provides an incentive for continued service with the company.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service, death/disability, or a change in control.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units as a positive sign, aligning management's interests with theirs.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates