Form 4: Academy Sports & Outdoors EVP & CFO Ford Earl Carlton IV Reports Stock Transactions
SEC Form 4 Filing
EVP & CFO of Academy Sports & Outdoors, Ford Earl Carlton IV, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On March 21, 2024, Ford Earl Carlton IV, EVP & CFO of Academy Sports & Outdoors, reported transactions involving the company's common stock.
- Specifically, 1,288 restricted stock units vested and converted into common stock.
- Following the vesting, 312 shares were disposed of at a price of $71.25.
- After these transactions, Ford Earl Carlton IV directly owns 8,037 shares of common stock and 2,577 restricted stock units.
- The restricted stock units were granted under the company's 2020 Omnibus Incentive Plan and convert into common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, with no indication of unusual activity or significant impact on the company's outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Date of grant for 3,865 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date. |
| 03/21/2024 | Date of transaction: Vesting of 1,288 restricted stock units and disposal of 312 shares. |
| 03/22/2024 | Date of signature for the report. |
| 03/21/2033 | Expiration date of the restricted stock units. |
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