Form 4: Academy Sports & Outdoors EVP Matthew McCabe Reports Stock Transactions
SEC Form 4 Filing
EVP & CMO of Academy Sports & Outdoors, Matthew McCabe, reports the vesting and subsequent disposal of restricted stock units, along with a tax withholding transaction.
Summary
- On April 15, 2024, Matthew McCabe, EVP & CMO of Academy Sports & Outdoors, reported transactions involving the company's common stock.
- McCabe exercised 3,724 restricted stock units (RSUs), which converted into an equal number of common stock shares.
- Simultaneously, McCabe disposed of 907 shares of common stock at a price of $59.02 per share to cover tax obligations.
- Following these transactions, McCabe directly owns 10,906 shares of Academy Sports & Outdoors common stock and 3,725 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like Matthew McCabe, transact in their company's stock. These filings provide transparency to the market regarding the buying and selling activities of individuals with access to non-public information.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/15/2022 | Date of grant for 7,449 time-based restricted stock units that vest 50% on each the second and third anniversary of the date of grant. |
| 04/15/2024 | Date of transaction: exercise of restricted stock units and disposal of shares for tax withholding. |
| 04/15/2032 | Expiration date of the restricted stock units. |
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