Form 4: Academy Sports President Vests, Sells Shares

Academy Sports & Outdoors President Samuel J. Johnson reported the vesting of restricted stock units and subsequent sale of shares for tax obligations, executed under a Rule 10b5-1 plan.

Summary

• Samuel J. Johnson, President of Academy Sports & Outdoors, Inc. (ASO), reported transactions occurring on March 4, 2026.
• Johnson acquired 540 shares of common stock through the conversion of restricted stock units (RSUs).
• Following the acquisition, Johnson beneficially owned 97,516 shares.
• Johnson disposed of 283 shares of common stock at a price of $59.78 per share to cover tax withholding obligations.
• After these transactions, Johnson's beneficial ownership stands at 97,233 shares of common stock.
• The transactions were made pursuant to a Rule 10b5-1 plan, indicating a pre-arranged schedule for the purchase or sale of equity securities.
• The 540 PRSUs that vested on March 4, 2026, were the remaining unearned portion of a grant made on March 30, 2022, and vested due to the achievement of Issuer stock price conditions as of January 30, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, reflecting the successful vesting of performance-based restricted stock units for a key executive, which indicates achievement of company performance and stock price conditions. The subsequent sale of shares is a routine tax-related transaction.

Positives

• The vesting of 540 performance-based restricted stock units (PRSUs) indicates the achievement of specific Issuer stock price conditions as of January 30, 2026, reflecting positive company performance or market valuation.
• An earlier certification on March 1, 2023, confirmed the achievement of 93.7% of performance criteria for fiscal 2022, leading to the vesting of 7,961 PRSUs as of January 30, 2026.

Negatives

• A disposition of 283 shares of common stock occurred, reducing the reporting person's direct beneficial ownership.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that Form 4 filings are routine disclosures of insider transactions, providing transparency into executive stock movements but typically not offering insights into broader industry trends or competitive positioning. The execution under a Rule 10b5-1 plan indicates a pre-scheduled transaction, common for executives managing their equity compensation.

Key Dates

Recommendation

This Form 4 filing details a routine insider transaction involving the vesting of performance-based restricted stock units and a subsequent sale of shares to cover tax obligations, executed under a Rule 10b5-1 plan. Such transactions are common and generally do not provide sufficient new information to alter an investment thesis, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

ASO, Academy Sports & Outdoors, Samuel J. Johnson, Form 4, Insider Transaction, Restricted Stock Units, Executive Compensation, Rule 10b5-1 Plan, Stock Vesting