[Form 4] DICK'S SPORTING GOODS, INC. Insider Trading Activity
Rhea-AI Filing Summary
DICK'S Sporting Goods Executive Chairman Edward W. Stack reported routine equity compensation activity involving stock options and tax withholding. He exercised 958,466 shares of a stock option award at an exercise price of $11.31 per share, converting options into common stock. To satisfy related obligations, 442,692 shares of common stock were disposed of as a tax-withholding transaction at $236.93 per share, which is not an open-market sale. A corresponding derivative entry shows the stock option for 958,466 shares was fully exercised with no remaining balance. The filing also reflects significant indirect holdings through grantor retained annuity trusts, including 1,000,000, 2,000,000 and 1,411,383 shares of Class B common stock, which carries 10 votes per share and can be converted into common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 958,466 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 958,466 | $11.31 | $10.84M |
| Tax Withholding | Common Stock, par value $0.01 per share | 442,692 | $236.93 | $104.89M |
| 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 | -- | -- | -- |
Footnotes (1)
- The exercise price shown has been adjusted from the grant date exercise price due to the special cash dividend paid by the Company on September 24, 2021, which was required by the Company's Amended and Restated 2012 Stock and Incentive Plan. 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. 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. 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. 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. The stock option award represents the right to purchase 958,466 shares of common stock that vested in four equal annual installments beginning on March 22, 2021.
