Form 4: Executive Chairman of Academy Sports & Outdoors, Inc. Reports Stock Transactions
SEC Form 4 Filing
Ken C. Hicks, Executive Chairman of Academy Sports & Outdoors, Inc., reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On March 21, 2024, Ken C. Hicks, the Executive Chairman of Academy Sports & Outdoors, Inc., reported transactions involving the company's common stock.
- Specifically, 9,664 restricted stock units vested and converted into common stock.
- Following the vesting, 3,423 shares were disposed of at a price of $71.25 to satisfy tax obligations.
- After these transactions, Hicks directly owns 492,313 shares of Academy Sports & Outdoors, Inc.
- He also directly owns 19,329 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/21/2023 | Grant date of 28,993 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date. |
| 03/21/2024 | Date of transaction: vesting of restricted stock units and disposition of shares for tax obligations. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
| 03/21/2033 | Expiration date of the restricted stock units. |
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