Form 4: Academy Sports & Outdoors Director Brian T. Marley Reports Stock Transactions
SEC Form 4 Filing
Director Brian T. Marley reported the vesting and conversion of restricted stock units into common stock of Academy Sports & Outdoors, Inc.
Summary
- On June 3, 2024, Brian T. Marley, a director of Academy Sports & Outdoors, Inc., reported transactions involving the company's stock.
- Mr. Marley converted 2,861 restricted stock units into common stock.
- Following the transaction, Mr. Marley directly owns 56,749 shares of Academy Sports & Outdoors, Inc.
- The restricted stock units were granted on June 2, 2023, under the company's 2020 Omnibus Incentive Plan and vested on June 2, 2024.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and regulated to ensure transparency in the market.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership structure.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Date the Reporting Person was granted 2,861 time-based restricted stock units |
| 06/02/2024 | Restricted stock units vested |
| 06/03/2024 | Date of transaction: conversion of restricted stock units to common stock |
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