Form 4: Academy Sports & Outdoors EVP & CFO Reports Stock Transactions
SEC Form 4 Filing
EVP & CFO of Academy Sports & Outdoors, Earl Carlton Ford IV, reports the vesting and subsequent disposal of restricted stock units to cover tax obligations.
Summary
- On September 6, 2024, Earl Carlton Ford IV, EVP & CFO of Academy Sports & Outdoors, reported transactions involving the company's common stock and restricted stock units.
- Ford exercised 1,621 restricted stock units, which converted into common stock on a one-for-one basis.
- Simultaneously, Ford disposed of 395 shares of common stock at a price of $53.81 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Ford directly owns 9,633 shares of Academy Sports & Outdoors common stock and 3,242 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/06/2023 | Reporting Person was granted 4,863 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date. |
| 09/06/2024 | Date of transaction: exercise of restricted stock units and disposal of shares for tax obligations. |
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