Form 4: Academy Sports & Outdoors President Samuel J. Johnson Reports Stock Transactions
SEC Form 4 Filing
President Samuel J. Johnson of Academy Sports & Outdoors, Inc. reports the vesting and conversion of restricted stock units into common stock, along with a disposition of shares to cover tax obligations.
Summary
- On March 21, 2024, Samuel J. Johnson, President of Academy Sports & Outdoors, Inc., reported transactions involving the company's stock.
- Specifically, 1,932 restricted stock units vested and were converted into 1,932 shares of common stock.
- Additionally, 471 shares were disposed of at a price of $71.25 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Johnson directly owns 75,352 shares of Academy Sports & Outdoors, Inc.
- Johnson also holds 3,866 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency to investors regarding management's holdings and trading activity.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Reporting Person was granted 5,798 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date. |
| 03/21/2024 | Date of transaction: vesting of restricted stock units and disposition of shares for tax obligations. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
| 03/21/2033 | Expiration date of the restricted stock units. |
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