Form 4: Academy Sports & Outdoors Director Ken C. Hicks Reports Stock Transactions
SEC Form 4 Filing
Director Ken C. Hicks of Academy Sports & Outdoors, Inc. reports the vesting and subsequent disposal of shares related to restricted stock units.
Summary
- On February 28, 2025, Ken C. Hicks, a director of Academy Sports & Outdoors, Inc., reported transactions involving the company's common stock.
- Hicks vested 1,245 shares of common stock from restricted stock units.
- Hicks disposed of 402 shares to cover tax obligations at a price of $49.92 per share.
- Following these transactions, Hicks directly owns 432,070 shares of Academy Sports & Outdoors, Inc.
- Hicks also holds 17,738 restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions by a company director.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved relative to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/30/2022 | Reporting Person was granted 63,760 performance-based restricted stock units ('PRSUs'). |
| 01/30/2022 | Vesting Commencement Date. |
| 03/01/2023 | The Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 PRSUs were deemed earned. |
| 01/30/2026 | Remaining unearned amount of this grant (i.e., 4,047 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions. |
| 02/28/2025 | Date of stock transactions: vesting of 1,245 shares and disposal of 402 shares. |
| 03/30/2032 | Expiration date of Restricted Stock Units. |
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.