Form 4: Academy Sports & Outdoors Executive Chairman Reports Stock Transactions
SEC Form 4
Ken C. Hicks, Executive Chairman of Academy Sports & Outdoors, reports transactions involving restricted stock units and common stock.
Summary
- Ken C. Hicks, the Executive Chairman of Academy Sports & Outdoors, filed a Form 4 detailing changes in beneficial ownership.
- On May 30, 2024, Hicks converted 1,243 restricted stock units into common stock and disposed of 617 shares to cover tax obligations at a price of $56.65.
- On May 31, 2024, Hicks converted 1,274 restricted stock units into common stock and disposed of 632 shares to cover tax obligations at a price of $57.95.
- Following these transactions, Hicks directly owns 496,119 shares of Academy Sports & Outdoors common stock and 10,192 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing of stock transactions by an insider, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
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 to certify achievement of certain Issuer stock price conditions for 4,047 PRSUs. |
| 03/31/2031 | Expiration Date for Restricted Stock Units. |
| 03/30/2032 | Expiration Date for Restricted Stock Units. |
| 05/30/2024 | Transaction date: Conversion of 1,243 Restricted Stock Units and disposal of 617 shares. |
| 05/31/2024 | Transaction date: Conversion of 1,274 Restricted Stock Units and disposal of 632 shares. |
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