Ford Earl Carlton IV 4

What Happened Ford Earl Carlton IV, EVP & Chief Financial Officer of Academy Sports & Outdoors (ASO), converted a total of 6,512 restricted stock units (RSUs) into common stock on March 25–26, 2026. To satisfy tax withholding obligations, 1,311 shares were withheld on March 25 at $53.54 ($70,191) and 1,252 shares were withheld on March 26 at $53.33 ($66,769), for a combined tax withholding of 2,563 shares and $136,960. After withholding, roughly 3,949 shares were delivered net to Mr. Carlton.

Key Details

• Transaction dates: March 25, 2026 and March 26, 2026.
• RSUs converted: 3,331 (3/25) and 3,181 (3/26) — total 6,512 shares converted.
• Shares withheld for taxes (code F): 1,311 @ $53.54 ($70,191) and 1,252 @ $53.33 ($66,769); total withheld = 2,563 shares / $136,960.
• Derivative reporting (code M) shows $0 exercise price for the converted units — these were RSU conversions, not option exercises for cash.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes indicate these were time‑based RSUs granted under the Company's 2020 Omnibus Incentive Plan (one-for-one conversion; prior grants noted on 3/26/2024 and 3/25/2025).
• Filing: Report filed 2026-03-26 for transactions on 3/25–3/26; appears to be filed promptly (not flagged as late).

Context

• This was a standard RSU vest-and-convert with shares withheld to satisfy tax withholding (code F). That is a routine administrative step and does not necessarily indicate a separate open-market sale or change in investment view.
• The $0 exercise price entries confirm these were RSU conversions (time-based awards), not option purchases.
• For retail investors: purchases/buys tend to be more informative signals than routine vesting conversions; this filing documents compensation settlement and tax withholding rather than an active buy or sell decision.