Form 4: Academy Sports & Outdoors Director Exercises and Disposes of Restricted Stock Units
SEC Form 4 Filing
Director Christopher Lee Turner exercised and disposed of 2,861 restricted stock units of Academy Sports & Outdoors, Inc. on June 2, 2024, converting them into common stock.
Summary
- Christopher Lee Turner, a director of Academy Sports & Outdoors, Inc., reported changes in beneficial ownership.
- On June 2, 2024, Turner exercised 2,861 restricted stock units (RSUs) granted under the company's 2020 Omnibus Incentive Plan.
- These RSUs converted into 2,861 shares of common stock on a one-for-one basis.
- Following the transaction, Turner disposed of 8,555 shares of common stock.
- After the reported transactions, Turner still beneficially owns a certain amount of common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting a transaction. It doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Reporting Person was granted 2,861 time-based restricted stock units |
| 06/02/2024 | Date of RSU exercise. |
| 06/03/2024 | Date of common stock disposal. |
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