American Outdoor Brands Insider Equity Grant: 9.3k RSUs, 18.7k PRs

Rhea-AI Filing Summary

American Outdoor Brands, Inc. (AOUT) – Form 4 filing details equity compensation awarded to Chief Operating Officer Brent Alan Vulgamott on July 8, 2025.

• Restricted Stock Units (RSUs): 9,327 common shares granted at $0 cost. Vesting schedule: one-third on July 9 2026, May 1 2027 and May 1 2028.
• Performance Rights: 18,656 rights (max payout is 2× target) tied to three-year cumulative adjusted EBITDA and average ROIC. Exercisable on July 8 2028 if metrics met.
• Following the grant, Vulgamott’s direct beneficial ownership totals 65,822 common shares.

No open-market purchase or sale occurred; the transaction represents routine incentive compensation designed to align executive interests with shareholder value and drive long-term performance.

Positive

• Performance-based equity ties compensation to adjusted EBITDA and ROIC, encouraging value-creating behavior.
• Increased insider ownership (65,822 shares) can better align executive and shareholder interests.

Negative

• Potential dilution of up to 18,656 shares if maximum performance rights vest.
• No open-market buying; grant does not reflect personal capital commitment by the executive.

Insights

Financial Analyst

TL;DR Routine equity award; aligns COO incentives with EBITDA/ROIC targets, modest potential dilution, neutral immediate market impact.

The Form 4 shows a standard compensation grant rather than a discretionary share purchase. While 9,327 RSUs and up to 18,656 performance shares increase insider ownership, no new cash enters the company and shares will vest over several years, limiting near-term supply pressure. Because the award is performance-contingent and capped at 2× target, dilution risk appears contained. Overall, the filing signals continued retention of key talent but carries negligible short-term valuation impact.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Vulgamott Brent Alan

(Last) (First) (Middle)

1800 NORTH ROUTE Z

(Street)

COLUMBIA MO 65202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Outdoor Brands, Inc. [ AOUT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/08/2025		A		9,327(1)	A	$0	65,822	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	(2)	07/08/2025		A		18,656		(2)	07/08/2028	Common Stock	18,656	(2)	18,656	D

Explanation of Responses:

1. One third of the restricted stock units shall vest and be delivered, net of withholding, on July 9, 2026, May 1, 2027, and May 1, 2028.

2. Each performance right represents a contingent right to receive one share of the issuer's stock. The performance rights vest based on cumulative adjusted EBITDA and average return on invested capital metrics over a three-year performance period. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.

Remarks:

	/s/ Seth A. Christensen, as Attorney-in-Fact	07/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many AOUT shares did the COO acquire on July 8, 2025?

9,327 restricted stock units were granted at no cost.

What performance metrics govern the 18,656 performance rights?

They vest based on cumulative adjusted EBITDA and average ROIC over a three-year period.

When can the performance rights convert into AOUT common stock?

They become exercisable on July 8, 2028 if performance conditions are met.

What is Brent Vulgamott’s total AOUT share ownership after the grant?

He now beneficially owns 65,822 common shares directly.

Does the transaction involve an open-market purchase?

No. The filing reflects equity awards, not cash purchases or sales.