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

Christopher Lee Turner, a director at Academy Sports & Outdoors, was granted 2,929 restricted stock units on June 14, 2024, under the company's 2020 Omnibus Incentive Plan.

Summary

• On June 14, 2024, Christopher Lee Turner, a director of Academy Sports & Outdoors, Inc., received 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 reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns management and shareholder interests.

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 restricted stock units will vest based on the conditions outlined in the 2020 Omnibus Incentive Plan.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the grant of restricted stock units positively as it incentivizes the director to act in their best interests.

Key Dates