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Academy Sports & Outdoors, Inc.·4

Mar 23, 6:12 PM ET

Ford Earl Carlton IV 4

4 · Academy Sports & Outdoors, Inc. · Filed Mar 23, 2026

Research Summary

AI-generated summary of this filing

Updated

Academy Sports (ASO) CFO Ford Carlton Receives RSU Award & Exercises

What Happened
Ford Earl Carlton IV, EVP & CFO of Academy Sports & Outdoors (ASO), reported a mix of equity awards and a conversion/withholding event. On March 20, 2026 he was granted 17,314 performance-based restricted stock units (PRSUs) and 17,314 time-based restricted stock units (RSUs) (total 34,628 RSUs). On March 23, 2026 he converted/exercised 1,289 derivative units into common shares and 530 of those shares were surrendered/withheld to cover tax liabilities, valued at $51.98 per share for a total of $27,549. Most activity is award-based (acquisitions); the 530-share disposition was a routine tax withholding.

Key Details

  • Transaction dates: Grants on 2026-03-20; conversion/exercise and withholding on 2026-03-23.
  • Tax withholding: 530 shares withheld at $51.98/share = $27,549 (code F).
  • Conversion/exercise: 1,289 derivative shares converted/exercised (codes M).
  • Awards: 17,314 PRSUs (performance-based) and 17,314 time-based RSUs granted under the 2020 Omnibus Incentive Plan (code A).
  • PRSU terms: Vesting tied to 3-year performance metrics (adjusted pre-tax income, ROIC, adjusted free cash flow) for period 2/1/2026–2/3/2029; payout range 0%–200% of target, subject to committee certification and continued service.
  • Time-based RSUs: Vest in three equal annual installments beginning on the first anniversary of the grant, subject to continued service.
  • Prior award noted: 3,865 time-based RSUs granted on 3/21/2023 (vesting in three installments).
  • Shares owned after the transaction: Not specified in the filing.
  • Filing date: Report filed 2026-03-23 for events through 2026-03-20/23; no late filing indicated in the report.

Context

  • Derivative conversion/exercise: The filing shows a conversion/exercise of derivative awards into common shares (code M). A portion of shares was withheld to satisfy tax withholding obligations (code F), a common and routine practice that does not necessarily indicate selling for investment reasons.
  • PRSUs vs RSUs: PRSUs are performance-contingent and may pay out between 0%–200% of the target amount depending on results; time-based RSUs vest over time. Both are standard executive compensation tools and represent potential future equity if vesting conditions are met.

Insider Transaction Report

Form 4
Period: 2026-03-20
Academy Sports & Outdoors, Inc.ASO
Ford Earl Carlton IV
EVP & CFO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-03-23+1,289→ 16,208 total
  • Tax Payment

    Common Stock

    2026-03-23$51.98/sh−530$27,549→ 15,678 total
  • Award

    Restricted Stock Units

    [F2][F3][F4]
    2026-03-20+17,314→ 17,314 total
    Exp: 2036-03-20→ Common Stock (17,314 underlying)
  • Award

    Restricted Stock Units

    [F2][F3][F5]
    2026-03-20+17,314→ 17,314 total
    Exp: 2036-03-20→ Common Stock (17,314 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F2][F3][F6]
    2026-03-23−1,289→ 0 total
    Exp: 2033-03-21→ Common Stock (1,289 underlying)
Footnotes (6)
  • [F1]Restricted stock units convert into one share of Issuer common stock, par value $0.01 per share ("Common Stock") on a one-for-one basis.
  • [F2]Granted under the Company's 2020 Omnibus Incentive Plan.
  • [F3]Each restricted stock unit represents a contingent right to receive one share of Issuer Common Stock.
  • [F4]On March 20, 2026, the Reporting Person was granted 17,314 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain preestablished performance metrics related to the Company's (i) adjusted pre-tax income, (ii) return on invested capital, and (iii) adjusted free cash flow over a 3-year period beginning on February 1, 2026 and ending on February 3, 2029, are achieved and certified by the Issuer's compensation committee (which, if any, may vary from 0% to 200% of the number shown above), subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
  • [F5]On March 20, 2026, subject to the Reporting Person's continued service, the Reporting Person was granted 17,314 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.
  • [F6]On March 21, 2023, subject to the Reporting Person's continued service, the Reporting Person was granted 3,865 time-based restricted stock units that vest in three equal installments beginning on the first anniversary of the grant date.
Signature
/s/ Gary Holland, Attorney-in-Fact|2026-03-23

Documents

1 file
  • 4
    wk-form4_1774303934.xmlPrimary

    FORM 4