Academy Sports & Outdoors (ASO) CEO logs RSU conversion and 839-share sale

Rhea-AI Filing Summary

Academy Sports & Outdoors, Inc. CEO and director Lawrence Steven Paul reported equity award activity on January 30, 2026. He converted 1,991 restricted stock units into 1,991 shares of common stock, increasing his directly owned common stock before further transactions to 167,622 shares.

On the same date, he disposed of 839 shares of common stock at a price of $55.36 per share, leaving 166,783 shares of common stock held directly after the reported transactions. The restricted stock units convert into common stock on a one-for-one basis and were granted under the company’s 2020 Omnibus Incentive Plan.

The derivative table shows 540 performance-based restricted stock units remaining from an 8,501-unit grant made on March 30, 2022. These units may vest if specified issuer stock price conditions as of January 30, 2026 are certified by the compensation committee.

SEC Form 4

FORM 4

UNITED 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

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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^*

Lawrence Steven Paul

(Last) (First) (Middle)

C/O ACADEMY SPORTS AND OUTDOORS, INC.

1800 NORTH MASON ROAD

(Street)

KATY TX 77449

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Academy Sports & Outdoors, Inc. [ ASO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		M		1,991	A	(1)	167,622	D
Common Stock	01/30/2026		F		839	D	$55.36	166,783	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(2)	(1)	01/30/2026		M			1,991	(3)	03/30/2032	Common Stock	1,991	$0	540	D

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.

3. On March 30, 2022, the Reporting Person was granted 8,501 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 7,961 PRSUs were deemed earned. Of this earned amount, 25% of the earned amount of this grant vested on March 1, 2023, and the remaining 75% will vest in three equal annual installments beginning on January 30, 2024, 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., 540 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	01/30/2026
	** Signature of Reporting Person	Date
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).
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FAQ

What insider transactions did ASO CEO Lawrence Steven Paul report on January 30, 2026?

He reported equity award activity on January 30, 2026, including exercising 1,991 restricted stock units into common stock and a separate disposition of 839 common shares at $55.36. After these transactions, he directly held 166,783 shares of Academy Sports & Outdoors common stock.

How many Academy Sports & Outdoors (ASO) shares does the CEO own after this Form 4?

Following the reported January 30, 2026 transactions, Lawrence Steven Paul directly owns 166,783 shares of Academy Sports & Outdoors common stock. This reflects the conversion of 1,991 restricted stock units and the disposition of 839 shares, as detailed in the non-derivative securities table.

What happened to the 1,991 restricted stock units reported by ASO’s CEO?

On January 30, 2026, 1,991 restricted stock units converted into 1,991 shares of Academy Sports & Outdoors common stock at an exercise price of $0.00. These units were granted under the company’s 2020 Omnibus Incentive Plan and convert into common stock on a one-for-one basis.

What does the 839-share transaction at $55.36 represent in the ASO Form 4?

The Form 4 shows a January 30, 2026 disposition of 839 shares of Academy Sports & Outdoors common stock at $55.36 per share, coded as transaction type F. After this disposition, the CEO’s directly owned common stock position was 166,783 shares, according to the filing’s share balance column.

What performance-based restricted stock units remain outstanding for ASO’s CEO?

From an 8,501-unit performance-based restricted stock unit grant on March 30, 2022, 540 units remain unearned as of the filing. These 540 PRSUs may vest if specified issuer stock price conditions as of January 30, 2026 are certified by the compensation committee, per the footnote explanation.

Under which plan were the reported restricted stock units for ASO’s CEO granted?

The restricted stock units reported in this Form 4 were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. The filing notes that these units convert into common stock on a one-for-one basis, linking the CEO’s equity compensation directly to the company’s common shares.