Form 4: Academy Sports & Outdoors Director Boatwright Receives Stock Units

Director Scott Boatwright received 2,929 restricted stock units in Academy Sports & Outdoors, Inc. on June 14, 2024.

Summary

• On June 14, 2024, Scott Boatwright, a director of Academy Sports & Outdoors, Inc., was granted 2,929 restricted stock units (RSUs).
• These RSUs were granted under the company's 2020 Omnibus Incentive Plan, as amended.
• Each RSU represents the right to receive one share of Academy Sports & Outdoors common stock upon vesting.
• The RSUs 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 sentiment is neutral to positive as it reflects standard executive compensation practices. The grant of stock options is generally viewed favorably as it aligns management's interests with shareholders.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting conditions incentivize continued service and performance.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service, death/disability, or a change in control, indicating a long-term incentive structure.

Industry Context

Granting stock options to directors is a common practice to align their interests with those of the shareholders and incentivize long-term value creation.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term value.

Key Dates