Academy Sports & Outdoors (ASO) director converts 1,825 RSUs into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Academy Sports & Outdoors, Inc. director Michael Dastugue exercised previously granted restricted stock units that converted into common stock on a one-for-one basis. He acquired 1,825 shares of common stock through this derivative exercise and, after the transaction, holds 1,825 common shares directly. The restricted stock units were originally granted under the company’s 2020 Omnibus Incentive Plan and vested based on continued service and certain change-in-control or termination conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,825 shares exercised/converted
Mixed
2 txns
Insider
Dastugue Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,825 | $0.00 | -- |
| Exercise | Common Stock | 1,825 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 1,825 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 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 acquired: 1,825 shares
Shares held after transaction: 1,825 shares
+2 more
5 metrics
RSUs exercised
1,825 units
Restricted stock units converted to common stock
Common shares acquired
1,825 shares
Shares received from RSU conversion
Shares held after transaction
1,825 shares
Direct common stock ownership post-transaction
Transaction price per share
$0.0000
Accounting price reported for RSU conversion
Exercise transactions
1 transaction, 1,825 shares
transactionSummary exerciseCount and exerciseShares
Key Terms
Restricted stock units, 2020 Omnibus Incentive Plan, Change in Control, Disability, +1 more
5 terms
Restricted stock units financial
"The Reporting Person was granted 1,825 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 Michael Dastugue?
Academy Sports & Outdoors reported that director Michael Dastugue exercised restricted stock units that converted into 1,825 shares of common stock. This was a derivative exercise, not an open-market buy or sell, and reflects compensation vesting rather than a trading decision.
What are the terms of the restricted stock units reported for Academy Sports & Outdoors (ASO)?
The 1,825 restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. They vest 100% after one year of service or earlier upon death, Disability, certain change-in-control events, or immediately before the company’s next annual stockholder meeting, subject to continued service.
How did this Form 4 change Michael Dastugue’s ownership in Academy Sports & Outdoors (ASO)?
Following the conversion of 1,825 restricted stock units, Michael Dastugue now directly owns 1,825 shares of Academy Sports & Outdoors common stock. The filing shows no remaining restricted stock units from this grant and no additional derivative holdings after the reported transaction.