DICK'S chair exercises options and sells shares
DICK'S Sporting Goods Executive Chairman Edward W. Stack exercised stock options covering 210,478 shares of common stock at an exercise price of $32.77 per share, then sold the same number of shares in open-market transactions on the same date.
Rhea-AI Filing Summary
DICK'S Sporting Goods Executive Chairman Edward W. Stack exercised stock options covering 210,478 shares of common stock at an exercise price of $32.77 per share, then sold the same number of shares in open-market transactions on the same date.
The sales were executed in several trades at prices ranging from about $195.77 to $200.02 per share, leaving Stack with 6,549,026 common shares held directly. He also reports additional indirect holdings through grantor retained annuity trusts holding 1,411,383, 2,000,000, and 1,000,000 shares of Class B common stock, which carry ten votes per share and are convertible into common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 210,478 shares ($34.71M approx. pre-tax spread)
Exercise and Sale
10 txns
Insider
STACK EDWARD W
Role
Executive Chairman
Sold
210,478 shs ($41.61M)
Approx. gross sale proceeds
$41.61M
Approx. exercise cost
$6.90M
Approx. pre-tax spread
$34.71M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 210,478 | $0.00 | $0.00 |
| Exercise | Common Stock, par value $0.01 per share | 210,478 | $32.77 | $6.90M |
| Sale | Common Stock, par value $0.01 per share | 11,832 | $195.77 | $2.32M |
| Sale | Common Stock, par value $0.01 per share | 73,136 | $197.01 | $14.41M |
| Sale | Common Stock, par value $0.01 per share | 86,848 | $197.84 | $17.18M |
| Sale | Common Stock, par value $0.01 per share | 22,722 | $198.65 | $4.51M |
| Sale | Common Stock, par value $0.01 per share | 15,940 | $200.02 | $3.19M |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock, par value $0.01 per share — 6,549,026 shares (Direct);
Common Stock, par value $0.01 per share — 4,411,383 shares (Indirect, By grantor retained annuity trust)
Footnotes (11)
- F1. The exercise price shown has been adjusted from the grant date exercise price due to the special cash dividend paid by Dick's Sporting Goods, Inc. (the "Company") on September 24, 2021, which was required by the Company's Amended and Restated 2012 Stock and Incentive Plan.
- F2. Amount includes 5,281,431 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.
- F3. These sales were executed in a series of transactions with a price range of $195.36 to $196.3415, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F4. These sales were executed in a series of transactions with a price range of $196.3566 to $197.3534, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F5. These sales were executed in a series of transactions with a price range of $197.36 to $198.35, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F6. These sales were executed in a series of transactions with a price range of $198.36 to $199.2614, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F7. These sales were executed in a series of transactions with a price range of $199.4079 to $200.36, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- F8. Amount includes 1,411,383 shares of Class B Common Stock, which is not registered under the Exchange Act. These shares are held by the Edward W. Stack Grantor Retained Annuity Trust XI.
- F9. Amount includes 2,000,000 shares of Class B Common Stock, which is not registered under the Exchange Act. These shares are held by the Edward W. Stack Grantor Retained Annuity Trust XII.
- F10. Amount includes 1,000,000 shares of Class B Common Stock, which is not registered under the Exchange Act. These shares are held by the Edward W. Stack Grantor Retained Annuity Trust XIII.
- F11. The option vested in four equal installments on April 3, 2020, April 3, 2021, April 3, 2022 and April 3, 2023.
Key Figures
Options exercised: 210,478 shares
Option exercise price: $32.77 per share
Shares sold at $195.77: 11,832 shares
+5 more
8 metrics
Options exercised
210,478 shares
Stock option exercise into common stock
Option exercise price
$32.77 per share
Exercise price for 210,478-share option
Shares sold at $195.77
11,832 shares
Open-market sale of common stock
Shares sold at $197.01
73,136 shares
Open-market sale of common stock
Shares sold at $197.84
86,848 shares
Open-market sale of common stock
Shares sold at $198.65
22,722 shares
Open-market sale of common stock
Shares sold at $200.02
15,940 shares
Open-market sale of common stock
Direct holdings after transactions
6,549,026 shares
Common stock held directly by Edward W. Stack
Key Terms
grantor retained annuity trust, Class B common stock, special cash dividend, exercise price, +1 more
5 terms
grantor retained annuity trust financial
"These shares are held by the Edward W. Stack Grantor Retained Annuity Trust XI."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Class B common stock financial
"Amount includes 5,281,431 shares of Class B common stock..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
special cash dividend financial
"adjusted from the grant date exercise price due to the special cash dividend..."
A special cash dividend is a one-time, extra cash payment a company gives to its shareholders in addition to its regular dividends, like a bonus check sent out when a business has more cash than usual. It matters to investors because it delivers immediate cash value, can signal that the company has strong short-term cash or limited opportunities to reinvest, and typically reduces the company’s cash reserves and may affect the stock price and tax treatment for recipients.
exercise price financial
"The exercise price shown has been adjusted from the grant date exercise price..."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
stock option (right to buy) financial
"security_title: "Stock Option (Right to Buy)""
FAQ
What did Edward W. Stack do in this DKS Form 4 filing?
Edward W. Stack exercised stock options for 210,478 shares at $32.77 per share, then sold the same number of DICK'S Sporting Goods common shares in multiple open-market transactions at prices around $196–$200 per share on the same date.
What stock options did Edward W. Stack exercise in the DKS Form 4?
He exercised a stock option for 210,478 shares of DICK'S Sporting Goods common stock at an exercise price of $32.77 per share. The option vested in four equal installments from April 3, 2020 through April 3, 2023 and was nearing its expiration date.
What indirect DKS holdings does Edward W. Stack report through grantor retained annuity trusts?
He reports indirect holdings via grantor retained annuity trusts, including 1,411,383 Class B shares in Trust XI, 2,000,000 Class B shares in Trust XII, and 1,000,000 Class B shares in Trust XIII. These Class B shares are not registered under the Exchange Act but are convertible into common stock.
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