Academy Sports (NASDAQ: ASO) director converts 3,932 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Academy Sports & Outdoors director Jeffrey C. Tweedy exercised 3,932 restricted stock units, converting them into the same number of shares of common stock at $0.00 per share. After this transaction, he holds 11,767 shares of Academy Sports & Outdoors common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,932 shares exercised/converted
Mixed
2 txns
Insider
Tweedy Jeffrey C.
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 — 11,767 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
RSUs exercised: 3,932 units
Common shares received: 3,932 shares
Share price per RSU on conversion: $0.00 per share
+2 more
5 metrics
RSUs exercised
3,932 units
Restricted stock units converted into common stock
Common shares received
3,932 shares
Shares of common stock from RSU conversion
Share price per RSU on conversion
$0.00 per share
Reported transaction price for RSU conversion
Shares held after transaction
11,767 shares
Director’s direct common stock holdings post-transaction
RSU balance after transaction
0 units
Restricted stock units remaining after conversion
Key Terms
Restricted stock units, 2020 Omnibus Incentive Plan, Change in Control, Disability
4 terms
Restricted stock units financial
"The filing shows 3,932 restricted stock units converting into 3,932 common shares."
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 did ASO director Jeffrey C. Tweedy report in this Form 4?
Jeffrey C. Tweedy reported exercising 3,932 restricted stock units into 3,932 shares of Academy Sports & Outdoors common stock at $0.00 per share. This is a compensation-related equity conversion, not an open-market stock purchase or sale.
What was the size of the restricted stock unit grant for ASO reported here?
The filing shows 3,932 restricted stock units converting into 3,932 common shares. Footnotes explain these RSUs were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan as time-based awards tied to Tweedy’s continued board service.
What plan governs the ASO restricted stock units exercised by Jeffrey C. Tweedy?
The restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan, as amended. Footnotes state the 3,932 time-based RSUs vest 100% upon specified service-based or change-in-control conditions described in the company’s equity incentive plan.
How do the ASO restricted stock units convert into common stock for this Form 4?
The footnotes state that restricted stock units convert into common stock on a one-for-one basis. In this filing, 3,932 RSUs converted into 3,932 Academy Sports & Outdoors common shares, with the derivative RSU balance reported as reduced to zero after conversion.