4/A: Academy Sports & Outdoors Director Amends SEC Filing to Correct Stock Reporting Error

Ken C. Hicks, a director at Academy Sports & Outdoors, filed an amendment to a previous SEC Form 4 to correct a misreporting of shares withheld for tax liability.

Summary

• Ken C. Hicks, a director of Academy Sports & Outdoors, Inc., filed an amended Form 4 with the SEC.
• The amendment corrects an administrative error in the original filing from July 2, 2024.
• The error involved the misreporting of the number of shares withheld to cover tax liability upon the settlement of restricted stock units on July 1, 2024.
• The correction resulted in a reduction of 257 shares in the number of shares reported as beneficially owned by the reporting person.
• The director still owns 497,388 shares after the transaction.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. There is no indication of positive or negative sentiment, but the correction itself is a positive sign of transparency.

Industry Context

This filing is a routine disclosure related to insider transactions and corrections, common among publicly traded companies. It ensures transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction ensures accurate reporting to shareholders and the public.

Key Dates