Form 4: Academy Sports & Outdoors Director Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Theresa Palermo, a director at Academy Sports & Outdoors, exercised restricted stock units and disposed of the resulting shares on June 3, 2024.
Summary
- On June 3, 2024, Theresa Palermo, a director of Academy Sports & Outdoors, exercised 2,861 restricted stock units (RSUs) that converted into common stock on a one-for-one basis.
- Following the conversion, Ms. Palermo disposed of 6,303 shares of common stock.
- The RSUs were granted on June 2, 2023, under the company's 2020 Omnibus Incentive Plan and vested on the earliest of the first anniversary of the grant date, termination due to death or disability, or a change in control.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Reporting Person was granted 2,861 time-based restricted stock units |
| 06/02/2024 | Date the restricted stock units vested. |
| 06/03/2024 | Date of transaction where restricted stock units were exercised and shares disposed of. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.