Form 4: Academy Sports & Outdoors Director Wendy Beck Reports Stock Unit Conversion
SEC Form 4 Filing
Director Wendy A. Beck converted 2,861 restricted stock units into common stock of Academy Sports & Outdoors, Inc. on June 3, 2024.
Summary
- On June 3, 2024, Wendy A. Beck, a director of Academy Sports & Outdoors, Inc., reported a transaction involving the conversion of restricted stock units into common stock.
- The transaction involved the conversion of 2,861 restricted stock units into common stock.
- Following the transaction, Beck directly owns 14,689 shares of common stock.
- The restricted stock units were granted on June 2, 2023, under the company's 2020 Omnibus Incentive Plan and vested on the earliest of several conditions, including the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock unit conversion, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which is crucial for maintaining market confidence and regulatory compliance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the conversion of existing equity-based compensation into common stock.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Reporting Person was granted 2,861 time-based restricted stock units |
| 06/02/2024 | Date the restricted stock units became exercisable |
| 06/03/2024 | Date of transaction where restricted stock units were converted to common stock |
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