ASO director converts 1,825 RSUs into common stock
Academy Sports & Outdoors director Clay M. Johnson exercised previously granted equity awards, converting 1,825 restricted stock units into the same number of shares of common stock on June 3, 2026.
Rhea-AI Filing Summary
Academy Sports & Outdoors director Clay M. Johnson exercised previously granted equity awards, converting 1,825 restricted stock units into the same number of shares of common stock on June 3, 2026. The restricted stock units were granted under the company’s 2020 Omnibus Incentive Plan and had vested in full based on his continued board service. Following this transaction, he directly holds 1,825 shares of common stock and no remaining restricted stock units from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,825 shares exercised/converted
Exercise
2 txns
Insider
Johnson Clay M
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)
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
RSUs exercised: 1,825 units
Common shares received: 1,825 shares
Exercise price per RSU: $0.00 per unit
+2 more
5 metrics
RSUs exercised
1,825 units
Restricted stock units converted to common stock on June 3, 2026
Common shares received
1,825 shares
Shares of common stock issued on RSU conversion
Exercise price per RSU
$0.00 per unit
Conversion of restricted stock units into common stock
Shares held after transaction
1,825 shares
Direct ownership of common stock following Form 4 transaction
Grant date RSUs
1,825 units
Time-based RSUs granted on December 12, 2025
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, Change in Control, Disability
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis."
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
"vest 100% ... upon ... 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
"upon the Reporting Person's termination due to death or Disability (as defined in the Plan)."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ASO director Clay M. Johnson report in this Form 4?
Clay M. Johnson reported exercising 1,825 restricted stock units into 1,825 shares of Academy Sports & Outdoors common stock. The transaction reflects conversion of vested equity awards rather than an open-market stock purchase or sale.
What type of equity award did Clay M. Johnson convert at Academy Sports & Outdoors (ASO)?
He converted 1,825 time-based restricted stock units into common stock on a one-for-one basis. These units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan and vested in full subject to his continued service with the company.
When were Clay M. Johnson’s ASO restricted stock units granted and how did they vest?
The 1,825 restricted stock units were granted on December 12, 2025 and were scheduled to vest 100% after one year or earlier upon certain events, including death, Disability, or a Change in Control, subject to his continued service.
Does the ASO Form 4 show any open-market buying or selling by Clay M. Johnson?
The Form 4 does not show any open-market buying or selling. It reports the exercise of 1,825 restricted stock units into common shares at a price of $0.00 per unit, reflecting a compensation-related equity conversion rather than market transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
