Director at Academy Sports (ASO) receives 3,384 restricted stock units grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tweedy Jeffrey C. reported acquisition or exercise transactions in this Form 4 filing.
Academy Sports & Outdoors, Inc. reported that director Jeffrey C. Tweedy received a grant of 3,384 restricted stock units (RSUs) of common stock under the company’s 2020 Omnibus Incentive Plan. The RSUs vest 100% upon the earliest of the first anniversary of the grant, the business day before the next annual stockholders meeting, certain termination events, or a Change in Control, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tweedy Jeffrey C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,384 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 3,384 shares (Direct, null)
Footnotes (1)
- Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan"). Each restricted stock unit represents a contingent right upon vesting to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock"). On June 15, 2026, the Reporting Person was granted 3,384 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 granted: 3,384 units
Transaction price per unit: $0.00
Underlying common shares: 3,384 shares
+1 more
4 metrics
RSUs granted
3,384 units
Time-based restricted stock units granted on June 15, 2026
Transaction price per unit
$0.00
Equity award granted under 2020 Omnibus Incentive Plan
Underlying common shares
3,384 shares
Each RSU represents one share of common stock upon vesting
Derivative holdings after grant
3,384 RSUs
Total restricted stock units held following the reported transaction
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, Change in Control, Disability
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right upon vesting to receive one share of Issuer common stock"
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)"
FAQ
What insider transaction did Academy Sports & Outdoors (ASO) report for Jeffrey C. Tweedy?
Academy Sports & Outdoors reported that director Jeffrey C. Tweedy received a grant of 3,384 restricted stock units. These units are a form of equity compensation that can convert into common shares if vesting conditions are satisfied under the company’s 2020 Omnibus Incentive Plan.
How many restricted stock units were granted to the ASO director in this Form 4?
The director was granted 3,384 restricted stock units linked to Academy Sports & Outdoors common stock. Each unit represents a contingent right to receive one share upon vesting, effectively aligning the director’s compensation with future company performance and shareholder interests.
What are the vesting conditions for Jeffrey C. Tweedy’s 3,384 RSUs at ASO?
The 3,384 RSUs vest 100% on the earliest of the first anniversary of the June 15, 2026 grant, the business day immediately before the next annual stockholders meeting, the director’s death or Disability, or a qualifying Change in Control, subject to continued service.
Does the ASO Form 4 indicate this was a purchase or a compensation grant?
The Form 4 indicates a compensation grant, coded as an acquisition (A) for 3,384 restricted stock units. The transaction price per unit is listed as $0.00, reflecting a stock-based award granted under the company’s 2020 Omnibus Incentive Plan rather than an open-market purchase.
What does each restricted stock unit represent in the ASO director’s award?
Each restricted stock unit represents a contingent right to receive one share of Academy Sports & Outdoors common stock, par value $0.01 per share. The director only receives the underlying shares if the specified vesting and service conditions are satisfied under the plan.
How many derivative securities does the ASO director hold after this RSU grant?
Following the grant, the director holds 3,384 restricted stock units as reported in the filing. These RSUs are derivative securities tied to Academy Sports & Outdoors common stock and will convert into an equal number of shares only upon satisfaction of the vesting conditions.