Form 4: ASO EVP & CMO McCabe Converts RSUs

Academy Sports & Outdoors EVP & CMO Matthew M. McCabe reported the conversion of restricted stock units into common stock and a related tax withholding.

Summary

• Matthew M. McCabe, EVP & CMO of Academy Sports & Outdoors, Inc. (ASO), reported transactions on March 4, 2026.
• Converted 135 restricted stock units (RSUs) into common stock on a one-for-one basis.
• Disposed of 61 shares of common stock at $59.78 per share, likely for tax withholding purposes related to the RSU conversion.
• Following these transactions, McCabe directly owns 19,217 shares of common stock.
• The 135 RSUs were the remaining portion of a 2,125 performance-based restricted stock unit (PRSU) grant from March 30, 2022, which vested upon certification of Issuer stock price conditions as of January 30, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as the vesting of performance-based RSUs indicates the achievement of specific stock price conditions, reflecting positively on the company's performance.

Positives

• The vesting of the remaining 135 performance-based restricted stock units indicates that certain Issuer stock price conditions were met as of January 30, 2026.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that routine insider transactions like RSU conversions and tax withholdings are common occurrences in executive compensation structures across various industries, reflecting the standard vesting schedules and tax obligations associated with equity awards. This specific transaction for ASO's EVP & CMO is consistent with typical compensation practices.

Comparison to Industry Standards

• This transaction aligns with standard industry practices for executive equity compensation, where restricted stock units vest over time and are often subject to performance criteria or stock price conditions.
• Companies like Dick's Sporting Goods (DKS) and Hibbett Sports (HIBB) also utilize similar equity incentive plans for their executives, with vesting events and tax-related share dispositions being routine.
• The conversion of RSUs upon meeting specific conditions is a common mechanism to align executive incentives with shareholder value.

Related Party Transactions

• The conversion of restricted stock units and subsequent tax withholding by Matthew M. McCabe, an EVP & CMO of Academy Sports & Outdoors, Inc., constitutes a related party transaction as it involves an executive and the company's equity.

Stakeholder Impact

• Shareholders: The vesting of performance-based restricted stock units suggests the company met certain stock price conditions, which is generally positive for shareholders.
• Employees (Executives): Matthew M. McCabe, as an executive, benefits from the vesting of his equity awards, aligning his interests with company performance.

Key Dates

Recommendation

This Form 4 filing details a routine executive compensation event involving the vesting of restricted stock units and a subsequent tax-related sale. While the vesting indicates the achievement of certain stock price conditions, it does not provide new fundamental information to warrant a change in investment recommendation. The transaction is a standard part of executive compensation and does not signal a significant shift in company outlook or performance that would alter a 'hold' stance.

Keywords

Academy Sports & Outdoors, ASO, Matthew M. McCabe, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Executive Compensation, Stock Vesting