Form 4: Academy Sports & Outdoors EVP Matthew McCabe Reports Stock Transactions

EVP & CMO of Academy Sports & Outdoors, Matthew McCabe, reports acquisition and disposal of common stock and restricted stock units.

Summary

• Matthew McCabe, EVP & CMO of Academy Sports & Outdoors, filed a Form 4 detailing changes in beneficial ownership.
• On March 26, 2025, McCabe exercised 3,181 restricted stock units, converting them into common stock.
• Also on March 26, 2025, McCabe disposed of 1,252 shares of common stock at a price of $50.03.
• Following these transactions, McCabe directly owns 15,625 shares of common stock.
• On March 25, 2025, McCabe was granted 9,994 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.
• On March 25, 2025, McCabe was also granted 9,994 performance-based restricted stock units (PRSUs) that vest based on the Company's adjusted pre-tax income and return on invested capital over a 3-year period.

Sentiment

Score: 6

Explanation: The document is a neutral report of stock transactions. The granting of equity suggests confidence in the company's future, but the disposal of shares is a slightly negative signal.

Positives

• The granting of restricted stock units and performance-based restricted stock units aligns executive compensation with company performance and long-term value creation.

Future Outlook

The performance-based restricted stock units vest based on the Company's adjusted pre-tax income and return on invested capital over a 3-year period beginning on February 2, 2025, and ending on January 29, 2028.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This filing indicates ongoing equity-based compensation practices at Academy Sports & Outdoors.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies to align management's interests with those of shareholders.
• The vesting schedules and performance metrics used by Academy Sports & Outdoors are likely comparable to those of other retailers such as Dick's Sporting Goods (DKS) and Bass Pro Shops, although specific details would vary.
• The use of both time-based and performance-based restricted stock units is a common approach to incentivize both long-term service and achievement of specific financial goals.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• Employees may be indirectly affected by the performance-based vesting of restricted stock units, as it incentivizes management to achieve specific financial goals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Academy Sports & Outdoors, McCabe, ASO