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, 2025.
Summary
- On March 21, 2025, Matthew M. McCabe, EVP & CMO of Academy Sports & Outdoors, exercised restricted stock units converting into 1,288 shares of common stock.
- McCabe also disposed of 503 shares of common stock at a price of $47.42.
- Following these transactions, McCabe directly owns 13,696 shares of common stock and 1,289 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. 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.
Comparison to Industry Standards
- Insider trading activity is a common occurrence in publicly traded companies.
- Executives often receive stock options or restricted stock units as part of their compensation packages, which they may exercise or sell over time.
- The reporting requirements for insider transactions are governed by Section 16 of the Securities Exchange Act of 1934, ensuring transparency and preventing illegal insider trading.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it represents 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. |
| 03/21/2025 | Date of transaction: McCabe exercised stock options and disposed of shares. |
| 03/21/2033 | Expiration date of Restricted Stock Units. |
Keywords
Form 4, insider trading, stock options, restricted stock units, ASO, Academy Sports & Outdoors, McCabe Matthew M.
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