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 acquisition and disposal of common stock and restricted stock units.
Summary
- On March 26, 2025, Ford Earl Carlton IV, EVP & CFO of Academy Sports & Outdoors, reported transactions involving the company's stock.
- He acquired 3,181 shares of common stock through the conversion of restricted stock units.
- He also disposed of 1,252 shares of common stock at a price of $50.03.
- Following these transactions, he directly owns 13,126 shares of common stock.
- Additionally, he was granted 9,994 time-based restricted stock units on March 25, 2025, which vest in three equal installments beginning on the first anniversary of the grant date.
- He was also granted 9,994 performance-based restricted stock units (PRSUs) on March 25, 2025, which vest based on the company's adjusted pre-tax income and return on invested capital over a 3-year period from February 2, 2025, to January 29, 2028.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Positives
- The granting of restricted stock units to the EVP & CFO aligns his interests with the long-term performance of the company.
- The vesting of performance-based restricted stock units (PRSUs) is tied to specific financial metrics, incentivizing the executive to improve the company's financial performance.
Risks
- The vesting of performance-based restricted stock units (PRSUs) is contingent on achieving certain financial metrics, which may not be met.
- The value of the restricted stock units is subject to the market price of the company's common stock, which can fluctuate.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the restricted stock units.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company executives as it can provide insights into their confidence in the company's future prospects.
- The granting of restricted stock units can incentivize executives to create long-term value for shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/26/2024 | Reporting Person was granted 9,544 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date. |
| 02/02/2025 | Start date of the 3-year period for performance-based restricted stock units (PRSUs) vesting. |
| 03/25/2025 | Grant date of 9,994 time-based and 9,994 performance-based restricted stock units (PRSUs). |
| 03/26/2025 | Date of common stock acquisition and disposal, and restricted stock unit conversion. |
| 01/29/2028 | End date of the 3-year period for performance-based restricted stock units (PRSUs) vesting. |
| 03/25/2035 | Expiration date of the restricted stock units granted on March 25, 2025. |
Keywords
Academy Sports & Outdoors, Ford Earl Carlton IV, stock transactions, restricted stock units, performance-based restricted stock units, common stock, Form 4, insider trading
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