Form 4: Academy Sports & Outdoors Director Ken C. Hicks Reports Stock Transactions
SEC Form 4
Director Ken C. Hicks reports acquisition and disposal of Academy Sports & Outdoors stock and restricted stock units.
Summary
- On August 30, 2024, Ken C. Hicks, a director of Academy Sports & Outdoors, acquired 1,244 shares of common stock through the conversion of restricted stock units and disposed of 617 shares to cover tax obligations at a price of $55.29.
- Following these transactions, Hicks directly owns 424,284 shares of common stock.
- On August 31, 2024, Hicks acquired 1,274 shares of common stock through the conversion of restricted stock units.
- On September 3, 2024, Hicks disposed of 632 shares to cover tax obligations at a price of $55.48, resulting in direct ownership of 424,926 shares.
- Hicks also holds 25,201 and 6,370 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the buying and selling activities of key personnel.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the U.S., ensuring transparency in insider trading activities.
- Companies like Dick's Sporting Goods (DKS) and Walmart (WMT), which operate in similar retail sectors, also have their executives and directors file Form 4s when they trade company stock.
- The reporting requirements are consistent across all companies subject to Section 16(a) of the Securities Exchange Act of 1934.
Stakeholder Impact
- The transactions may have a minor impact on shareholder sentiment, depending on how investors interpret insider trading activity.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
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 | 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. |
| 03/31/2031 | Expiration Date for 61,133 PRSUs. |
| 03/30/2032 | Expiration Date for 63,760 PRSUs. |
| 08/30/2024 | Transaction date: Acquisition of 1,244 shares and disposal of 617 shares. |
| 08/31/2024 | Transaction date: Acquisition of 1,274 shares. |
| 09/03/2024 | Transaction date: Disposal of 632 shares. |
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