Form 4: ASO CFO's Stock Transactions & RSU Vesting

Academy Sports & Outdoors EVP & CFO Earl Carlton Ford IV reported the acquisition of common stock from RSU conversion and a related tax withholding disposition.

Summary

• Earl Carlton Ford IV, EVP & CFO of Academy Sports & Outdoors, Inc. (ASO), reported transactions involving the company's common stock and restricted stock units.
• On January 30, 2026, 499 shares of common stock were acquired through the conversion of restricted stock units.
• Concurrently, 223 shares of common stock were disposed of at a price of $55.36 per share, likely for tax withholding purposes related to the RSU vesting.
• Following these transactions, the reporting person beneficially owns 14,845 shares of common stock.
• The filing indicates that 93.7% of performance criteria for performance-based restricted stock units (PRSUs) granted on March 30, 2022, were certified as achieved for fiscal 2022.
• A portion of these earned PRSUs vested on March 1, 2023, with the remaining 75% scheduled to vest in three equal annual installments starting January 30, 2024.
• An additional 135 unearned PRSUs may vest based on specific Issuer stock price conditions as of January 30, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a slightly positive routine filing, as it confirms the achievement of performance criteria leading to RSU vesting, which is a positive indicator of internal goal attainment.

Positives

• The vesting of 499 restricted stock units into common stock indicates the achievement of performance criteria, reflecting positively on the company's operational performance.
• The certification of 93.7% achievement of performance criteria for performance-based restricted stock units (PRSUs) for fiscal 2022 demonstrates strong execution against management goals.

Negatives

• The disposition of 223 shares of common stock at $55.36 per share for tax withholding purposes reduces the reporting person's direct ownership, though this is a standard practice upon RSU vesting and not inherently negative for the company.

Risks

• The vesting of the remaining 135 unearned performance-based restricted stock units (PRSUs) is contingent upon the achievement of certain Issuer stock price conditions as of January 30, 2026.

Future Outlook

The remaining 75% of earned performance-based restricted stock units (PRSUs) will vest in three equal annual installments beginning on January 30, 2024. An additional 135 unearned PRSUs may vest upon certification of certain Issuer stock price conditions as of January 30, 2026.

Industry Context

StockSavvy.ai notes that Form 4 filings, such as this one, are standard disclosures for insider transactions. While not directly indicative of broader industry trends, the vesting of performance-based awards suggests that Academy Sports & Outdoors, Inc. has met internal performance targets, which can be a positive signal within the retail sporting goods sector.

Stakeholder Impact

• Shareholders: Minor impact as these are routine insider transactions related to executive compensation, not indicative of significant operational or financial shifts.

Next Steps

• Remaining 75% of earned PRSUs to vest in three equal annual installments starting January 30, 2024.
• Potential vesting of 135 unearned PRSUs based on Issuer stock price conditions as of January 30, 2026.

Key Dates

Keywords

Academy Sports & Outdoors, ASO, Form 4, Insider Trading, Restricted Stock Units, RSU, Performance-Based Restricted Stock Units, PRSU, Executive Compensation, Stock Vesting