Form 4: Director Clay M. Johnson Receives Academy Sports RSU Grant

Academy Sports & Outdoors, Inc. director Clay M. Johnson was granted 3,384 restricted stock units as part of the company's 2020 Omnibus Incentive Plan.

Summary

• Director Clay M. Johnson received a grant of 3,384 restricted stock units (RSUs) on June 15, 2026.
• Each RSU represents a contingent right to receive one share of Academy Sports & Outdoors, Inc. common stock.
• The grant was issued under the company's 2020 Omnibus Incentive Plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which carries a neutral sentiment.

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• The issuance of RSUs results in potential future dilution for existing shareholders upon vesting.

Risks

• Vesting is subject to the director's continued service with the issuer.
• Potential for accelerated vesting upon a Change in Control or specific termination events.

Future Outlook

The RSUs are scheduled to vest 100% on the earlier of the first anniversary of the grant date, the business day preceding the next Annual Meeting of Stockholders, or upon specific events such as death, disability, or a change in control.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are standard corporate governance practice in the retail sector to ensure board members maintain a vested interest in company performance.

Comparison to Industry Standards

• The use of time-based RSU grants for directors is consistent with compensation structures at peer retail companies like Dick's Sporting Goods and Hibbett, Inc.

Corporate Governance

Stakeholder Impact

• Shareholders: Minor dilution impact upon the eventual vesting and issuance of common stock.

Next Steps

• Vesting of the 3,384 RSUs on the earlier of the first anniversary of the grant or the date preceding the next Annual Meeting of Stockholders.

Key Dates

Keywords

Academy Sports & Outdoors, ASO, Form 4, Insider Transaction, Restricted Stock Units, Equity Compensation