Form 4: Academy Sports & Outdoors EVP & CFO Ford Exercises Stock Options
SEC Form 4
EVP & CFO of Academy Sports & Outdoors, Earl Carlton Ford IV, reports transactions involving restricted stock units converting into common stock.
Summary
- On January 30, 2025, Earl Carlton Ford IV, EVP & CFO of Academy Sports & Outdoors, converted 497 restricted stock units into common stock.
- He also disposed of 148 shares of common stock at a price of $53.97.
- Following these transactions, Ford directly owns 9,982 shares of common stock.
- On January 31, 2025, Ford converted 612 restricted stock units into common stock.
- He also disposed of 182 shares of common stock at a price of $54.68.
- Following these transactions, Ford directly owns 10,412 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The remaining unearned amount of 135 PRSUs from the March 30, 2022 grant may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of outstanding shares, but the effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Reporting Person was granted 2,445 PRSUs. |
| 03/02/2022 | Issuer's compensation committee certified achievement of the performance criteria during fiscal 2021. |
| 03/30/2022 | Reporting Person was granted 2,125 performance-based restricted stock units ('PRSUs'). |
| 03/01/2023 | The Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022. |
| 01/30/2024 | Beginning of three equal annual installments for vesting of remaining 75% of earned PRSUs from March 30, 2022 grant. |
| 01/30/2025 | Transaction date: Conversion of restricted stock units and disposal of common stock. |
| 01/31/2025 | Transaction date: Conversion of restricted stock units and disposal of common stock. |
| 01/30/2026 | Remaining unearned amount of this grant (i.e., 135 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions. |
| 03/31/2031 | Expiration date of derivative security. |
| 03/30/2032 | Expiration date of derivative security. |
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