Dick's Sporting Goods (NYSE: DKS) major holder gains new stock grant
Rhea-AI Filing Summary
DICK'S Sporting Goods major shareholder Michael E. Stack reported an equity award tied to performance goals. He acquired 1,436 shares of common stock on March 24, 2026 at a stated price of $0.00 per share as a grant, and these units remain subject to additional time-based vesting conditions.
Following the award, he holds 36,753 shares directly, including 24,142 shares of Class B common stock with 10 votes per share and the option to convert each into one common share. He is also associated with 12,056,390 shares held indirectly by family trusts, including 11,965,997 Class B shares, where he has shared investment authority and disclaims beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,436 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- Represents units earned with respect to a performance-based unit award granted on April 3, 2025. The issuer's compensation committee certified the above target attainment of the performance measures on March 24, 2026. These units remain subject to time-based vesting requirements. Amount includes 24,142 shares of Class B common stock (the "Class B Common Stock"), which is not registered under the Securities Exchange Act of 1934, as amended. Holders of Class B Common Stock have identical rights to holders of common stock, except that holders of Class B Common Stock are entitled to 10 votes for each share held of record. Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of common stock. Amount includes 11,965,997 shares of Class B Common Stock. The reporting person has shared investment authority as a manager of the trustee entity of certain family trusts holding shares of the Issuer, and is a co-beneficiary of such trusts. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Michael E. Stack report for DKS?
Was the DKS insider transaction a market purchase or a grant?
What is notable about the Class B common stock mentioned in the DKS Form 4?
What indirect DKS holdings are associated with Michael E. Stack?
How were the performance-based units underlying the DKS award determined?