Academy Sports director exercises 3,932 RSUs
Academy Sports & Outdoors, Inc. director Theresa Palermo exercised previously granted restricted stock units into common shares as part of her equity compensation.
Rhea-AI Filing Summary
Academy Sports & Outdoors, Inc. director Theresa Palermo exercised previously granted restricted stock units into common shares as part of her equity compensation. On June 3, 2026, 3,932 restricted stock units converted into 3,932 shares of common stock on a one-for-one basis, increasing her directly held position to 13,164 shares.
The 3,932 time-based restricted stock units were originally granted on June 13, 2025 under the company’s 2020 Omnibus Incentive Plan. They were scheduled to vest 100% upon the earliest of the first anniversary of grant (or just before the next annual stockholders meeting), the director’s death or Disability, or a Change in Control.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,932 shares exercised/converted
Exercise
2 txns
Insider
Palermo Theresa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,932 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,932 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 13,164 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan").
- F3. On June 13, 2025, the Reporting Person was granted 3,932 time-based restricted stock units that vest 100%, subject to the Reporting Person's continued service with the Issuer, on the earliest of (i) the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders, (ii) the Reporting Person's termination due to death or Disability (as defined in the Plan), or (iii) a Change in Control (as defined in the Plan).
Key Figures
RSUs converted: 3,932 units
Common shares acquired via conversion: 3,932 shares
Shares held after transaction: 13,164 shares
+2 more
5 metrics
RSUs converted
3,932 units
Restricted stock units converting into common stock on June 3, 2026
Common shares acquired via conversion
3,932 shares
Common Stock received from RSU conversion on June 3, 2026
Shares held after transaction
13,164 shares
Total direct common stock holdings following June 3, 2026 transaction
Grant date RSUs
3,932 units
Time-based restricted stock units granted June 13, 2025
Transaction code
M
Exercise or conversion of derivative security on June 3, 2026
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, Disability, Change in Control
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Omnibus Incentive Plan financial
"Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan")."
Disability financial
"termination due to death or Disability (as defined in the Plan)"
Change in Control financial
"or (iii) a Change in Control (as defined in the Plan)."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Academy Sports (ASO) disclose for Theresa Palermo?
Academy Sports disclosed that director Theresa Palermo exercised 3,932 restricted stock units into 3,932 common shares. This was a scheduled equity compensation event, not an open-market stock purchase or sale.
What triggered the vesting of Theresa Palermo’s 3,932 restricted stock units at ASO?
The 3,932 time-based restricted stock units granted on June 13, 2025 vested 100% under their terms. Vesting depended on continued service until the first anniversary, an earlier date before the next annual meeting, death or Disability, or a Change in Control.
Were Theresa Palermo’s Academy Sports (ASO) transactions open-market buys or sells?
The Form 4 shows a code M transaction, meaning exercise or conversion of a derivative security. It reflects restricted stock units converting into common shares, not an open-market purchase or sale of ASO stock.
Under which plan were Theresa Palermo’s restricted stock units at Academy Sports granted?
The 3,932 restricted stock units were granted under Academy Sports’ 2020 Omnibus Incentive Plan, as amended. This plan governs equity awards such as restricted stock units granted to directors and other eligible participants.
AI-generated analysis. How Rhea-AI works. Not financial advice.
