Form 4: Academy Sports & Outdoors Director Ken C. Hicks Reports Stock Transactions
SEC Form 4
Director Ken C. Hicks of Academy Sports & Outdoors reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On March 30, 2025, Ken C. Hicks, a director of Academy Sports & Outdoors, exercised 1,244 restricted stock units, which converted into an equal number of common stock shares.
- Following the conversion, Hicks disposed of 401 shares on March 31, 2025, at a price of $46.07 per share to satisfy tax obligations.
- After these transactions, Hicks directly owns 439,120 shares of Academy Sports & Outdoors common stock and 16,494 restricted stock units.
- The restricted stock units were granted under the company's 2020 Omnibus Incentive Plan and vest based on performance criteria and continued service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Future Outlook
The 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 as of January 30, 2026.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. These transactions provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of 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 for 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 PRSUs may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions. |
| 03/30/2025 | Director exercised 1,244 restricted stock units. |
| 03/30/2032 | Expiration date of restricted stock units. |
| 03/31/2025 | Director disposed of 401 shares at $46.07 per share. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Academy Sports & Outdoors, Director, ASO, Ken C. Hicks
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