Form 4: Academy Sports & Outdoors Director Monique Picou Receives Equity Grant

Academy Sports & Outdoors, Inc. Director Monique Picou was granted 3,932 restricted stock units as part of her compensation, aligning her interests with shareholders.

Summary

• Monique Picou, a Director of Academy Sports & Outdoors, Inc. (ASO), was granted 3,932 Restricted Stock Units (RSUs).
• The grant occurred on June 13, 2025.
• Each RSU represents a contingent right upon vesting to receive one share of ASO common stock, par value $0.01 per share.
• The RSUs were granted under the Company's 2020 Omnibus Incentive Plan, as amended.
• Vesting is 100% and subject to continued service, occurring on the earliest of: the first anniversary of the grant date (June 13, 2026), the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders, the Reporting Person's termination due to death or Disability (as defined in the Plan), or a Change in Control (as defined in the Plan).

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a positive event for corporate governance and aligns interests, but it is a routine compensation matter and not indicative of significant operational or financial changes for the company.

Positives

• The grant of 3,932 Restricted Stock Units to Director Monique Picou aligns her interests with those of the company's shareholders, as the value of the units is tied to the company's stock performance.
• Equity compensation is a standard practice for retaining and incentivizing key personnel and directors.

Risks

• The value of the granted Restricted Stock Units is subject to the future performance of Academy Sports & Outdoors, Inc.'s common stock.
• Vesting is contingent on continued service and other specific events, meaning the units could be forfeited if conditions are not met.

Future Outlook

The Restricted Stock Units are scheduled to vest 100% on the earliest of June 13, 2026, the business day immediately preceding the next Annual Meeting of Stockholders, termination due to death or disability, or a change in control, subject to continued service.

Industry Context

The granting of Restricted Stock Units to directors is a common practice across various industries, including retail and sporting goods, as a form of non-cash compensation designed to align the interests of directors with those of shareholders and to promote long-term retention.

Comparison to Industry Standards

• The grant of equity compensation to non-employee directors, such as Restricted Stock Units, is a widely accepted practice in corporate governance across publicly traded companies.
• While the specific number of units (3,932) is unique to ASO's compensation structure, the mechanism is comparable to practices at other retail companies like Dick's Sporting Goods (DKS) or Lululemon Athletica Inc. (LULU), which also utilize equity awards to compensate and incentivize their board members. Specific comparable projects or results are not detailed in this Form 4.

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units to a director constitutes a related party transaction, as it involves compensation from the company to an insider. This is a standard and disclosed form of compensation.

Stakeholder Impact

• Shareholders: The grant aligns the director's financial interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.

Next Steps

• The Restricted Stock Units will vest according to the specified conditions, with the earliest potential vesting date being June 13, 2026.

Key Dates

Keywords

Academy Sports & Outdoors, ASO, Restricted Stock Units, RSU, Director Compensation, Equity Grant, Insider Transaction, SEC Form 4, Monique Picou