Form 4: Academy Sports & Outdoors EVP Exercises Stock Options, Disposes of Shares
SEC Form 4 Filing
Matthew M. McCabe, EVP & CMO of Academy Sports & Outdoors, exercised stock options and disposed of shares on March 21, 2024.
Summary
- On March 21, 2024, Matthew M. McCabe, EVP & CMO of Academy Sports & Outdoors, exercised 1,288 restricted stock units, converting them into common stock.
- Following the exercise, McCabe disposed of 312 shares of common stock to cover tax obligations at a price of $71.25 per share.
- After these transactions, McCabe directly owns 8,089 shares of common stock and 2,577 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the shares to cover taxes.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Reporting Person was granted 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 | McCabe exercised 1,288 restricted stock units and disposed of 312 shares. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
| 03/21/2033 | Expiration date of the restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.