Academy Sports CEO exercises RSUs, withholds shares
Academy Sports & Outdoors, Inc. reports that CEO Lawrence Steven Paul exercised 1,991 restricted stock units, converting them into an equal number of common shares.
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Form Type
4
Rhea-AI Filing Summary
Academy Sports & Outdoors, Inc. reports that CEO Lawrence Steven Paul exercised 1,991 restricted stock units, converting them into an equal number of common shares. On the same date, 839 shares were withheld to satisfy tax obligations at $55.36 per share. He now directly holds 166,783 common shares. These units come from a performance-based grant of 8,501 PRSUs, of which 7,961 were earned; 540 PRSUs may still vest depending on stock-price conditions as of January 30, 2026.
Insider Trade Summary
1,991 shares exercised/converted
Exercise
3 txns
Insider
Lawrence Steven Paul
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,991 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,991 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 839 | $55.36 | $46K |
Holdings After Transaction:
Restricted Stock Units — 540 contracts (Direct);
Common Stock — 166,783 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 2,531 to 540 contracts (Direct);
Common Stock, 165,631 to 166,783 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.
- F3. 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.
Key Figures
RSUs exercised: 1,991 shares
Tax withholding shares: 839 shares
Tax withholding price: $55.36 per share
+4 more
7 metrics
RSUs exercised
1,991 shares
Restricted stock units converted to common stock on January 30, 2026
Tax withholding shares
839 shares
Common shares withheld to satisfy tax liability at $55.36 per share
Tax withholding price
$55.36 per share
Per-share value used for the 839-share tax-withholding disposition
Performance-based PRSUs granted
8,501 units
Performance-based restricted stock units granted on March 30, 2022
PRSUs earned
7,961 units
Earned after 93.7% of performance criteria were certified on March 1, 2023
Potentially vesting PRSUs
540 units
May vest based on Issuer stock-price conditions as of January 30, 2026
Post-transaction common stock holding
166,783 shares
Direct common stock position of CEO after reported transactions
Key Terms
performance-based restricted stock units, tax-withholding disposition, Omnibus Incentive Plan, compensation committee
4 terms
performance-based restricted stock units financial
"On March 30, 2022, the Reporting Person was granted 8,501 performance-based restricted stock units"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Omnibus Incentive Plan financial
"Granted under the Company's 2020 Omnibus Incentive Plan"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
compensation committee financial
"certified by the Issuer's compensation committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did ASO CEO Lawrence Steven Paul report?
Lawrence Steven Paul exercised 1,991 restricted stock units, converting them into common shares, and 839 shares were withheld to satisfy tax obligations at $55.36 per share. After these transactions he directly holds 166,783 common shares of Academy Sports & Outdoors, Inc.
What is Lawrence Steven Paul’s current ASO common stock holding?
Following the reported transactions, CEO Lawrence Steven Paul directly holds 166,783 common shares of Academy Sports & Outdoors, Inc. This position reflects the RSU conversion and related tax-withholding, as shown in the canonical post-transaction holdings data for ASO.
What performance-based PRSU grant is described for ASO’s CEO?
The CEO received 8,501 performance-based restricted stock units (PRSUs) on March 30, 2022. After achievement of 93.7% of performance criteria, 7,961 PRSUs were earned, with 540 PRSUs potentially vesting based on stock-price conditions as of January 30, 2026.
How do restricted stock units work in this ASO insider report?
In this case, restricted stock units convert into common stock on a one-for-one basis, so 1,991 RSUs became 1,991 common shares. Some of these shares, specifically 839, were then withheld to satisfy tax obligations at $55.36 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
