Academy Sports & Outdoors (ASO) CFO reports RSU exercise, tax withholding and new grants

Rhea-AI Filing Summary

Academy Sports & Outdoors EVP & CFO Earl Carlton Ford IV reported equity compensation activity and a small tax-related share disposition. On March 23, 2026, he exercised 1,289 restricted stock units into 1,289 shares of common stock, and 530 shares were withheld at $51.98 per share to cover tax obligations. Following these transactions, he held 15,678 shares of common stock directly.

On March 20, 2026, he received two grants of 17,314 restricted stock units each under the 2020 Omnibus Incentive Plan. One grant consists of 17,314 performance-based restricted stock units that may vest from 0% to 200% depending on three-year performance metrics through February 3, 2029. The other grant is 17,314 time-based restricted stock units that vest in three equal annual installments, subject to continued service. These events are compensation-related and do not represent open-market buying or selling.

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 TEXAS 77449

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/23/2026		M		1,289	A	(1)	16,208	D
Common Stock	03/23/2026		F		530	D	$51.98	15,678	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(2)	(3)	03/20/2026		A		17,314		(4)	03/20/2036	Common Stock	17,314	$0	17,314	D
Restricted Stock Units(2)	(3)	03/20/2026		A		17,314		(5)	03/20/2036	Common Stock	17,314	$0	17,314	D
Restricted Stock Units(2)	(3)	03/23/2026		M			1,289	(6)	03/21/2033	Common Stock	1,289	$0	0	D

Explanation of Responses:

1. Restricted stock units convert into one share of Issuer common stock, par value $0.01 per share ("Common Stock") on a one-for-one basis.

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

3. Each restricted stock unit represents a contingent right to receive one share of Issuer Common Stock.

4. On March 20, 2026, the Reporting Person was granted 17,314 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain preestablished performance metrics related to the Company's (i) adjusted pre-tax income, (ii) return on invested capital, and (iii) adjusted free cash flow over a 3-year period beginning on February 1, 2026 and ending on February 3, 2029, are achieved and certified by the Issuer's compensation committee (which, if any, may vary from 0% to 200% of the number shown above), subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

5. On March 20, 2026, subject to the Reporting Person's continued service, the Reporting Person was granted 17,314 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.

6. On March 21, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 3,865 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.

Remarks:

	/s/ Gary Holland, Attorney-in-Fact	03/23/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did ASO EVP & CFO Earl Carlton Ford IV report?

He reported exercising 1,289 restricted stock units into common stock and a related withholding of 530 shares for taxes. He also received two new grants of 17,314 restricted stock units each, one performance-based and one time-based, under the 2020 Omnibus Incentive Plan.

Did the ASO CFO buy or sell shares on the open market in this Form 4?

No open-market purchases or sales are reported. The filing shows an exercise of 1,289 restricted stock units and 530 shares withheld at $51.98 per share for tax obligations, which is not an open-market sale. The remaining activity is new restricted stock unit grants.

How many ASO common shares does the CFO hold after these transactions?

After the reported transactions, he directly holds 15,678 shares of Academy Sports & Outdoors common stock. This figure reflects the net position following the 1,289-share RSU conversion and the 530-share tax withholding disposition reported in the Form 4 for March 23, 2026.

What performance conditions apply to the ASO CFO’s new performance-based RSUs?

He received 17,314 performance-based restricted stock units that vest based on adjusted pre-tax income, return on invested capital, and adjusted free cash flow. These metrics are measured over a three-year period from February 1, 2026 through February 3, 2029, subject to compensation committee certification.

How do the time-based restricted stock units granted to the ASO CFO vest?

He was granted 17,314 time-based restricted stock units on March 20, 2026. These units vest in three equal annual installments beginning on the first anniversary of the grant date, and vesting is conditioned on his continued service with Academy Sports & Outdoors.

Are the ASO CFO’s equity awards granted under a specific company plan?

Yes. The restricted stock units reported in this Form 4 were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. This plan governs equity-based compensation awards, including both time-based and performance-based restricted stock units granted to executives and other eligible participants.