Academy Sports director acquires 1,825 shares
Academy Sports & Outdoors director Shannon Hennessy exercised time-based restricted stock units into common stock.
Accepted by SEC EDGAR
Learn about SEC filing dates
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Academy Sports & Outdoors director Shannon Hennessy exercised time-based restricted stock units into common stock. On June 3, 2026, 1,825 restricted stock units converted on a one-for-one basis into 1,825 shares of common stock, all held directly after the transaction. These RSUs were granted on December 12, 2025 under the company’s 2020 Omnibus Incentive Plan and vested in full based on continued service conditions.
Insider Trade Summary
1,825 shares exercised/converted
Exercise
2 txns
Insider
Hennessy Shannon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,825 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,825 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 1,825 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 1,825 to 0 contracts (Direct);
Common Stock, 0 to 1,825 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 December 12, 2025, the Reporting Person was granted 1,825 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
Common shares acquired: 1,825 shares
RSUs converted: 1,825 units
Post-transaction direct holdings: 1,825 shares
+2 more
5 metrics
Common shares acquired
1,825 shares
Common stock received via RSU conversion on June 3, 2026
RSUs converted
1,825 units
Time-based restricted stock units converting one-for-one into common stock
Post-transaction direct holdings
1,825 shares
Director’s direct common stock ownership following RSU conversion
Grant date
December 12, 2025
Date 1,825 time-based RSUs were granted under 2020 plan
Exercise/Conversion price
$0.00 per unit
RSUs converted to common stock at no cash exercise cost
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, Change in Control, Disability, +1 more
5 terms
Restricted Stock Units financial
"The Reporting Person was granted 1,825 time-based restricted stock units that vest 100%"
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")."
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.
Disability financial
"the Reporting Person's termination due to death or Disability (as defined in the Plan)"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ASO director Shannon Hennessy report?
Shannon Hennessy reported exercising time-based restricted stock units that converted into 1,825 shares of Academy Sports & Outdoors common stock. This is a compensation-related equity vesting rather than an open-market stock purchase or sale.
What type of equity award did ASO use in this Form 4 transaction?
The transaction involved time-based restricted stock units granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. These RSUs converted into common stock on a one-for-one basis when vesting conditions tied to the director’s continued service were satisfied.
When were the ASO restricted stock units originally granted to the director?
The restricted stock units were granted on December 12, 2025 to the director. They were designed to vest 100% upon the earliest of specific events, including the first anniversary of grant, certain termination events, or a qualifying change in control under the company’s plan.
Is the ASO Form 4 transaction an open-market stock purchase or sale?
No. The Form 4 reports the exercise and conversion of restricted stock units into common stock, not an open-market purchase or sale. It reflects equity compensation vesting based on continued service, rather than a discretionary trade in Academy Sports & Outdoors shares.
Under which plan were the ASO restricted stock units granted?
The restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan, as amended. This plan governs equity-based awards such as RSUs for directors and employees, aligning their compensation with the company’s long-term performance and stock value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
