Form 4: Academy Sports & Outdoors EVP Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Matthew M. McCabe, EVP & CMO of Academy Sports & Outdoors, exercised stock options and disposed of shares on September 6, 2024.
Summary
- On September 6, 2024, Matthew M. McCabe, the EVP & CMO of Academy Sports & Outdoors, exercised restricted stock units converting into 1,621 shares of common stock.
- McCabe also disposed of 395 shares of common stock at a price of $53.81.
- Following these transactions, McCabe directly owns 12,132 shares of Academy Sports & Outdoors common stock and 3,242 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard Form 4 filing reporting insider transactions.
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 transaction has a minimal direct impact on stakeholders, as it represents a small portion of the company's outstanding shares.
- However, stakeholders monitor insider transactions for insights into management's confidence in the company's future prospects.
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: Matthew M. McCabe exercised restricted stock units and disposed of shares. |
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