Form 4: Academy Sports & Outdoors Director Ken C. Hicks Reports Stock Transactions
SEC Form 4
Director Ken C. Hicks reports acquisition and disposal of common stock and restricted stock units in Academy Sports & Outdoors, Inc.
Summary
- On September 30, 2024, Ken C. Hicks, a director of Academy Sports & Outdoors, Inc., reported transactions involving the company's common stock and restricted stock units.
- Hicks acquired 1,243 and 1,274 shares of common stock through the conversion of restricted stock units.
- He also disposed of 1,249 shares of common stock at a price of $59.19.
- Following these transactions, Hicks directly owns 426,194 shares of common stock.
- The transactions involved the vesting of performance-based restricted stock units (PRSUs) granted under the company's 2020 Omnibus Incentive Plan.
- These PRSUs vest based on the achievement of certain performance criteria and/or Issuer stock price conditions as certified by the Issuer's compensation committee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Reporting Person was granted 61,133 PRSUs. |
| 01/31/2021 | Vesting Commencement Date for 61,133 PRSUs. |
| 03/02/2022 | Issuer's compensation committee certified 100% achievement of the performance criteria during fiscal 2021. |
| 03/30/2022 | Reporting Person was granted 63,760 performance-based restricted stock units ('PRSUs'). |
| 01/30/2022 | Vesting Commencement Date for 63,760 PRSUs. |
| 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 | Date to certify achievement of certain Issuer stock price conditions for 4,047 PRSUs. |
| 09/30/2024 | Date of reported transactions: acquisition and disposal of common stock and restricted stock units. |
| 03/31/2031 | Expiration Date for Restricted Stock Units. |
| 03/30/2032 | Expiration Date for 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.