Academy Sports (ASO) Insider Filing: RSU Grant and Small Sale by Director
Rhea-AI Filing Summary
Academy Sports & Outdoors insider filing: Director Ken C. Hicks received 1,245 restricted stock units (RSUs) on 08/30/2025 under the 2020 Omnibus Incentive Plan, which convert one-for-one into common stock. After the RSU grant and a subsequent sale, Hicks beneficially owned 448,540 shares of ASO common stock.
The filing notes these RSUs are part of a March 30, 2022 performance grant where 59,713 of 63,760 PRSUs were certified as earned; those earned PRSUs vest monthly from the January 30, 2022 vesting commencement date. A remaining 4,047 PRSUs may vest if stock-price conditions are met and certified as of January 30, 2026.
Positive
- Director retained significant equity: beneficial ownership remains 448,540 shares, indicating alignment with shareholders
- Performance-based compensation disclosed: 59,713 PRSUs were certified as earned from the March 30, 2022 grant, with clear vesting schedule
Negative
- Sale reported: Director sold 415 shares at $53.55, representing a small reduction in holdings
- Contingent PRSUs remaining: 4,047 PRSUs vest only if stock-price conditions are certified by 01/30/2026, creating uncertainty over potential dilution
Insights
TL;DR Routine director equity award and small open-market sale; no governance red flags from filing.
The filing documents a regular equity compensation event: a grant of 1,245 RSUs that convert one-for-one into ASO common stock and are part of a previously awarded performance-based PRSU package. The disclosure explains vesting mechanics and remaining contingent PRSUs tied to stock-price conditions through 01/30/2026. The small sale of 415 shares at $53.55 appears to be a routine disposition and does not materially change the director's sizable ownership position of 448,540 shares. From a governance standpoint, the form is complete, timely, and consistent with standard executive/director compensation practices.
TL;DR Director received vested equity and executed a minor sale; overall insider ownership remains substantial.
The transaction mix—issuance of RSUs (code M) and a sale (code F) of 415 shares at $53.55—indicates compensation realization combined with limited liquidity. Post-transactions beneficial ownership of 448,540 shares signals continued alignment with shareholders. The remaining contingent PRSUs (4,047) depend on future certification tied to share-price criteria, which introduces a modest performance-based retention lever through early 2026. These developments are operationally relevant but not materially impactful to capital structure or immediate valuation.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 415 | $53.55 | $22K |
| Exercise | Restricted Stock Units | 1,245 | $0.00 | -- |
| Exercise | Common Stock | 1,245 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Granted under the Company's 2020 Omnibus Incentive Plan. On March 30, 2022, the Reporting Person was granted 63,760 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 59,713 PRSUs were deemed earned. Of this earned amount, 1/48 of the PRSUs earned will vest for every monthly anniversary since the Vesting Commencement Date (i.e., January 30, 2022), and thereafter, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 4,047 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.
