Director at Academy Sports (NASDAQ: ASO) receives 3,932 shares from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Academy Sports & Outdoors director Brian T. Marley exercised previously granted restricted stock units, receiving 3,932 shares of common stock. These restricted stock units converted to common stock on a one-for-one basis under the company’s 2020 Omnibus Incentive Plan.
The units were originally granted on June 13, 2025 as time-based awards that vest 100% after one year or earlier upon certain events such as death, disability, or a change in control, subject to continued service. Following this vesting-related conversion, Marley directly holds 43,039 shares of Academy Sports & Outdoors common stock, and no restricted stock units of this grant remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,932 shares exercised/converted
Mixed
2 txns
Insider
MARLEY BRIAN T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,932 | $0.00 | -- |
| Exercise | Common Stock | 3,932 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 43,039 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan"). On June 13, 2025, the Reporting Person was granted 3,932 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
Shares acquired via RSU conversion: 3,932 shares
Total common shares after transaction: 43,039 shares
RSU grant size: 3,932 units
+2 more
5 metrics
Shares acquired via RSU conversion
3,932 shares
Restricted stock units converting into common stock on June 3, 2026
Total common shares after transaction
43,039 shares
Brian T. Marley direct holdings following RSU conversion
RSU grant size
3,932 units
Time-based restricted stock units granted on June 13, 2025
Exercise/Conversion transactions
2 entries
One non-derivative common stock entry and one derivative RSU entry
Net buy/sell direction
Neutral
No open-market buys or sells; equity compensation exercise only
Key Terms
Restricted stock units, 2020 Omnibus Incentive Plan, Change in Control, Disability, +1 more
5 terms
Restricted stock units financial
"On June 13, 2025, the Reporting Person was granted 3,932 time-based restricted stock units that vest 100%..."
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
"...or (iii) 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
"...the Reporting Person's termination due to death or Disability (as defined in the Plan)..."
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
What insider transaction did Academy Sports & Outdoors (ASO) report for Brian T. Marley?
Academy Sports & Outdoors reported that director Brian T. Marley acquired 3,932 shares of common stock through the vesting and conversion of restricted stock units. This was an exercise of equity compensation rather than an open-market stock purchase or sale.
What happened to the 3,932 restricted stock units reported for Academy Sports & Outdoors (ASO)?
The 3,932 restricted stock units granted to Brian T. Marley converted into 3,932 shares of Academy Sports & Outdoors common stock on a one-for-one basis. After this conversion event, no restricted stock units from this particular grant remain outstanding in his account.
Under which plan were Brian T. Marley’s Academy Sports & Outdoors (ASO) restricted stock units granted?
Brian T. Marley’s restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan, as amended. This plan governs equity awards, including time-based restricted stock units that can vest and convert into shares of common stock for eligible participants.
What were the vesting conditions for Brian T. Marley’s Academy Sports & Outdoors (ASO) restricted stock units?
The 3,932 restricted stock units granted on June 13, 2025 vested 100% after one year, or earlier upon specified events. These events included his continued service until the first anniversary, certain termination events such as death or disability, or a qualifying change in control under the company’s plan.