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Director Theresa Palermo converts 3,932 RSUs at Academy Sports (NASDAQ: ASO)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

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 Palermo Theresa
Role null
Type Security Shares Price Value
Exercise Restricted Stock Units 3,932 $0.00 --
Exercise Common Stock 3,932 $0.00 --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 13,164 shares (Direct, null)
Footnotes (1)
  1. Restricted stock units convert into common stock on a one-for-one basis. Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan"). 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).
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
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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
Estimated average burden
hours per response:0.5
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*
Palermo Theresa
(Last)(First)(Middle)
C/O ACADEMY SPORTS AND OUTDOORS, INC.
1800 NORTH MASON ROAD
(Street)
KATY TEXAS 77449
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Academy Sports & Outdoors, Inc. [ ASO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/03/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/03/2026M3,932A(1)13,164D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(2)(1)06/03/2026M3,932 (3) (3)Common Stock3,932$00D
Explanation of Responses:
1. Restricted stock units convert into common stock on a one-for-one basis.
2. Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan").
3. 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).
Remarks:
/s/ Gary Holland, Attorney-in-Fact06/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

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.

How many Academy Sports (ASO) shares does Theresa Palermo hold after this Form 4?

After the restricted stock units converted, Theresa Palermo directly holds 13,164 shares of Academy Sports common stock. This reflects the addition of 3,932 shares from the equity award vesting and conversion.

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.