Form 4: Academy Sports & Outdoors Director Receives Restricted Stock Units

Director Brian T. Marley received 2,929 restricted stock units in Academy Sports & Outdoors, Inc. on June 14, 2024.

Summary

• On June 14, 2024, Brian T. Marley, a director of Academy Sports & Outdoors, Inc., was granted 2,929 restricted stock units (RSUs).
• These RSUs were granted under the company's 2020 Omnibus Incentive Plan, as amended.
• Each RSU represents the right to receive one share of Academy Sports & Outdoors common stock upon vesting.
• The RSUs vest 100% on the earliest of (i) the first anniversary of the grant date, or the business day before the next Annual Meeting of Stockholders, (ii) termination due to death or disability, or (iii) a Change in Control.

Sentiment

Score: 7

Explanation: The document indicates a standard equity compensation practice, suggesting a stable and incentivized management structure. This is generally viewed positively.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting conditions incentivize continued service and performance.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service, death/disability, or a change in control.

Industry Context

Granting stock options and restricted stock units to directors is a common practice to align their interests with those of the shareholders and incentivize long-term value creation.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it aligns the director's interests with the company's long-term performance.
• Employees may see this as a sign of the company's commitment to its leadership.

Key Dates