Form 4: Academy Sports President Converts RSUs, Sells Shares

Samuel J Johnson, President of Academy Sports & Outdoors, Inc., converted restricted stock units into common stock and subsequently sold a portion for tax obligations.

Summary

• Samuel J Johnson, President of Academy Sports & Outdoors, Inc. (ASO), engaged in transactions involving the company's common stock.
• On December 5, 2025, Johnson acquired 1,526 shares of common stock through the conversion of restricted stock units (RSUs).
• Concurrently, Johnson disposed of 601 shares of common stock at a price of $49.29 per share, likely to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Johnson directly beneficially owns 95,740 shares of common stock.
• The RSUs were granted under the company's 2020 Omnibus Incentive Plan.
• The original grant on December 5, 2023, was for 4,577 time-based restricted stock units, vesting in three equal installments starting on the first anniversary of the grant date.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax-related sales), which are generally neutral in sentiment as they are expected events.

Positives

• Conversion of Restricted Stock Units indicates continued vesting of long-term incentive compensation for a key executive.
• The executive's remaining beneficial ownership of 95,740 shares demonstrates significant alignment with shareholder interests.

Negatives

• A disposition of 601 shares occurred, although this is a common practice for tax withholding upon RSU vesting.

Industry Context

This transaction is a routine insider filing, common for executives receiving equity compensation. It reflects the vesting schedule of previously granted restricted stock units and the standard practice of selling shares to cover tax liabilities upon vesting. Such transactions are generally not indicative of broader industry trends but rather individual compensation events.

Related Party Transactions

• Samuel J Johnson, President of Academy Sports & Outdoors, Inc., engaged in transactions involving the company's common stock, which are considered related party transactions as they involve an insider.

Stakeholder Impact

• Shareholders: The transactions are routine and reflect the compensation structure for a key executive. The executive maintains a significant ownership stake, aligning interests.
• Employees: The vesting of RSUs is part of the company's incentive plan, which can motivate executives and potentially other employees with similar equity awards.

Next Steps

• The remaining restricted stock units from the December 5, 2023 grant will vest in future equal installments on the subsequent anniversaries of the grant date, subject to continued service.

Key Dates

Recommendation

This Form 4 filing details routine insider transactions involving the vesting of restricted stock units and subsequent sale of shares for tax purposes. These are expected events related to executive compensation and do not indicate a change in the company's fundamental outlook or the executive's confidence in the company. Therefore, it provides no new information that would warrant a change from a 'hold' recommendation based solely on this filing.

Keywords

Academy Sports & Outdoors, ASO, Samuel J Johnson, Insider Trading, Form 4, Restricted Stock Units, RSU Conversion, Stock Sale, Executive Compensation, Officer Transaction