Academy Sports (ASO) CFO exercises RSUs and disposes common shares

Rhea-AI Filing Summary

Academy Sports & Outdoors EVP & CFO Ford Earl Carlton IV reported equity transactions on January 30, 2026. He acquired 499 shares of common stock through the exercise of restricted stock units at $0 per share, then disposed of 223 shares of common stock at $55.36 per share. Following these moves, he directly owned 14,845 shares of common stock. The transactions stem from performance-based restricted stock units granted in March 2022 under the company’s 2020 Omnibus Incentive Plan, with a remaining 135 PRSUs that may vest based on stock price conditions as of January 30, 2026.

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^*

Ford Earl Carlton IV

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & CFO

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		499	A	(1)	15,068(2)	D
Common Stock	01/30/2026		F		223	D	$55.36	14,845	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(3)	(1)	01/30/2026		M			499	(4)	03/30/2032	Common Stock	499	$0	135	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Includes shares of Common Stock acquired under the Issuer's employee stock purchase plan.

3. Granted under the Company's 2020 Omnibus Incentive Plan.

4. On March 30, 2022, the Reporting Person was granted 2,125 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 1,990 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., 135 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 EVP & CFO Ford Earl Carlton IV report?

He reported exercising 499 restricted stock units into common stock at $0 per share and disposing of 223 common shares at $55.36 per share. After these transactions, he directly held 14,845 shares of Academy Sports & Outdoors common stock.

When did the reported ASO insider transactions by the CFO occur?

The reported transactions occurred on January 30, 2026. On that date, restricted stock units converted into common stock and a portion of common shares was disposed of, updating the CFO’s direct beneficial ownership position in Academy Sports & Outdoors shares.

How many ASO shares does the CFO own after the January 30, 2026 transactions?

After the transactions, EVP & CFO Ford Earl Carlton IV directly owns 14,845 shares of Academy Sports & Outdoors common stock. This figure reflects both the 499 shares acquired from restricted stock units and the 223 common shares disposed of on the same date.

What restricted stock units underpin the ASO CFO’s recent share transactions?

The transactions relate to performance-based restricted stock units granted on March 30, 2022, under the 2020 Omnibus Incentive Plan. These units convert one-for-one into common stock and vest based on certified performance criteria and specified Issuer stock price conditions.

How many performance-based RSUs tied to ASO stock remain for the CFO?

A remaining 135 performance-based restricted stock units may vest for the CFO. Vesting depends on the compensation committee certifying achievement of certain Academy Sports & Outdoors stock price conditions measured as of January 30, 2026, under the original March 2022 grant terms.

What was the disposition price for ASO common shares in the CFO’s Form 4?

The Form 4 shows a disposition of 223 shares of Academy Sports & Outdoors common stock at a price of $55.36 per share. This transaction, coded as “F,” occurred on January 30, 2026, and reduced his directly held share count to 14,845.