Form 4: Academy Sports & Outdoors Executive Chairman Ken Hicks Reports Stock Transactions
SEC Form 4 Filing
Ken Hicks, Executive Chairman of Academy Sports & Outdoors, reports the vesting and conversion of restricted stock units into common stock.
Summary
- On February 29, 2024, Ken Hicks, the Executive Chairman of Academy Sports & Outdoors, reported transactions involving restricted stock units (RSUs) converting into common stock.
- Specifically, 1,244 and 1,274 restricted stock units vested and were converted into common stock.
- Additionally, 872 shares were disposed of, likely to cover tax obligations, at a price of $73.64.
- Following these transactions, Hicks directly owns 486,072 shares of common stock, 32,664 restricted stock units from the 2022 grant, and 14,014 restricted stock units from the 2021 grant.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. They are closely watched by investors seeking to understand management's perspective on the company's stock.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the number of shares held by an insider.
Key Dates
| Date | Description |
|---|---|
| 03/31/2021 | Reporting Person was granted 61,133 PRSUs. |
| 01/31/2021 | Vesting Commencement Date for 61,133 PRSUs. |
| 03/02/2022 | Issuer's compensation committee certified 100% achievement of the performance criteria during fiscal 2021. |
| 03/30/2022 | Reporting Person was granted 63,760 performance-based restricted stock units ('PRSUs'). |
| 01/30/2022 | Vesting Commencement Date for 63,760 PRSUs. |
| 03/01/2023 | The Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022. |
| 01/30/2026 | Date for potential vesting of remaining unearned amount of 2022 grant (4,047 PRSUs) upon certification of Issuer stock price conditions. |
| 02/29/2024 | Transaction date: conversion of restricted stock units to common stock. |
| 03/01/2024 | Date of signature for the Form 4 filing. |
| 03/31/2031 | Expiration Date for Restricted Stock Units (2021 grant). |
| 03/30/2032 | Expiration Date for Restricted Stock Units (2022 grant). |
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