Academy Sports (ASO) Form 4 — RSU Award and Small Insider Sale Reported
Rhea-AI Filing Summary
Ken C. Hicks, a director of Academy Sports & Outdoors, Inc. (ASO), reported transactions on 09/30/2025. He was credited with 1,244 restricted stock units (RSUs) granted under the company's 2020 Omnibus Incentive Plan that convert one-for-one into common stock. After that RSU award, his beneficial ownership of common stock was reported as 449,784 shares.
On the same date he sold 588 shares of common stock at a price of $50.71, leaving reported beneficial ownership of 449,196 shares. The filing also notes previously granted performance-based RSUs from March 30, 2022, of which 59,713 were deemed earned and vest monthly; 4,047 remain unearned and may vest only if stock-price conditions are met as of January 30, 2026.
Positive
- Director received RSU award under the 2020 Omnibus Incentive Plan (1,244 RSUs) which aligns management with shareholder interests
- Majority of 2022 PRSUs were deemed earned (59,713 of 63,760) and vest monthly, indicating achievement of performance criteria for fiscal 2022
Negative
- Sale of 588 shares at $50.71 was reported, reducing the director's holdings slightly
- 4,047 PRSUs remain contingent on stock-price conditions as of January 30, 2026, and are not yet earned
Insights
TL;DR: Director received time-based RSUs and concurrently sold a small block of shares; remaining performance RSUs retain time and price-based vesting conditions.
The filing shows routine director compensation activity: an award of 1,244 RSUs under the 2020 Omnibus Incentive Plan and a contemporaneous sale of 588 shares at $50.71. The reporting distinguishes time-based RSUs that convert one-for-one and a separate March 30, 2022 PRSU grant where 59,713 PRSUs were deemed earned and vest monthly while 4,047 PRSUs remain contingent on future stock-price certification as of January 30, 2026. These items are disclosures of insider holdings and compensation structure rather than operational events.
TL;DR: Transactions are informational: modest sale versus award; no indication of material change in overall ownership stake.
The director's reported sale of 588 shares is small relative to the ~449k shares reported beneficially owned and follows an award of 1,244 RSUs. The filing quantifies vested and contingent PRSUs from a 2022 grant and specifies vesting mechanics (monthly vesting of earned PRSUs and contingency for remaining PRSUs tied to a January 30, 2026 price condition). There is no disclosure of additional cash compensation, changes to ownership percentages, or other material events in this Form 4.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,244 | $0.00 | -- |
| Exercise | Common Stock | 1,244 | $0.00 | -- |
| Tax Withholding | Common Stock | 588 | $50.71 | $30K |
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.
