ASO CEO exercises RSUs, shares withheld for taxes
Academy Sports & Outdoors, Inc. CEO Lawrence Steven Paul reported routine equity compensation activity.
Rhea-AI Filing Summary
Academy Sports & Outdoors, Inc. CEO Lawrence Steven Paul reported routine equity compensation activity. On June 9, 2026, he exercised 9,917 restricted stock units, converting them into the same number of Common Stock shares at a stated price of $0.0000 per share.
To cover tax obligations, 4,994 Common Stock shares were disposed of in a tax-withholding transaction at $51.67 per share, not an open-market sale. Following these transactions, he directly held 192,724 Common Stock shares, and the exercised RSUs no longer remain outstanding.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,917 shares exercised/converted
Exercise
3 txns
Insider
Lawrence Steven Paul
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,917 | $0.00 | $0.00 |
| Exercise | Common Stock | 9,917 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,994 | $51.67 | $258K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 192,724 shares (Direct)
Footnotes (3)
- F1. Restricted stock units convert into Common Stock on a one-for-one basis.
- F2. Granted under the Company's 2020 Omnibus Incentive Plan.
- F3. On June 9, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 29,750 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.
Key Figures
RSUs exercised: 9,917 shares
Tax-withheld shares: 4,994 shares
Tax-withholding price: $51.67 per share
+5 more
8 metrics
RSUs exercised
9,917 shares
Restricted Stock Units converted to Common Stock on June 9, 2026
Tax-withheld shares
4,994 shares
Common Stock disposed of to satisfy tax liability at $51.67/share
Tax-withholding price
$51.67 per share
Price used for F-code tax-withholding disposition
Post-transaction holdings
192,724 shares
Common Stock directly held by CEO after June 9, 2026 transactions
Common shares after RSU exercise
197,718 shares
Total Common Stock following M-code RSU conversion, before tax withholding
Original RSU grant size
29,750 RSUs
Time-based RSUs granted June 9, 2023 under 2020 Omnibus Incentive Plan
RSU vesting schedule
3 equal installments
Vesting begins on first anniversary of June 9, 2023 grant date
RSU expiration date
June 9, 2033
Expiration date for the reported RSU award before exercise
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, 2020 Omnibus Incentive Plan, +1 more
5 terms
Restricted Stock Units financial
"Restricted stock units convert into Common Stock on a one-for-one basis."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
2020 Omnibus Incentive Plan financial
"Granted under the Company's 2020 Omnibus Incentive Plan."
time-based restricted stock units financial
"was granted 29,750 time-based restricted stock units that vest in three equal installments"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ASO CEO Lawrence Steven Paul report?
ASO CEO Lawrence Steven Paul reported exercising 9,917 restricted stock units into Common Stock and a related tax-withholding share disposition. These transactions reflect routine equity compensation activity rather than an open-market stock purchase or sale.
What is the CEO’s ASO stock ownership after these transactions?
After the reported RSU exercise and tax-withholding disposition, the CEO directly holds 192,724 shares of Academy Sports & Outdoors Common Stock. This figure reflects his remaining direct ownership following the June 9, 2026 transactions.
Were any ASO derivative securities left after the RSU exercise?
No restricted stock units from this grant remain after the exercise. The Form 4 shows 9,917 RSUs converted into 9,917 Common Stock shares, with the derivative position reduced to zero for that specific RSU award.
What plan governed the ASO CEO’s restricted stock unit grant?
The RSUs were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan. A June 9, 2023 grant of 29,750 time-based RSUs vests in three equal installments beginning on the first anniversary of the grant date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
