Johnson Samuel J 4

What Happened

• Samuel J. Johnson, President of Academy Sports & Outdoors (ASO), had restricted stock units (RSUs) convert into common stock on March 25–26, 2026. A total of 17,630 RSUs converted into shares (9,994 on 3/25 and 7,636 on 3/26).
• To cover tax liabilities, 5,232 shares were withheld on 3/25 at $53.54 (value $280,121) and 3,998 shares were withheld on 3/26 at $53.33 (value $213,213). Total withheld: 9,230 shares valued at approximately $493,334. Net shares added to Johnson’s holdings: about 8,400 shares (17,630 converted − 9,230 withheld).
• These transactions are routine RSU vesting and tax-withholding events (not open-market sales or purchases).

Key Details

• Transaction dates and pricing:
  • 3/25/2026: 9,994 RSUs converted; 5,232 shares withheld at $53.54 = $280,121.
  • 3/26/2026: 7,636 RSUs converted; 3,998 shares withheld at $53.33 = $213,213.
• Codes and mechanics: M = exercise/conversion of derivative (RSU conversion to common stock); F = payment of tax liability via share withholding (cashless).
• Shares owned after the transaction: not specified in the excerpt of the filing.
• Footnotes: RSUs convert one-for-one into common stock, granted under the Company's 2020 Omnibus Incentive Plan; prior RSU grants referenced from March 26, 2024 and March 25, 2025.
• Filing timeliness: Report filed 2026-03-26 covering 3/25–3/26 transactions; no late-file indication in the provided excerpt.

Context

• This was a standard RSU vesting event with shares withheld to cover taxes (a cashless withholding). Withholding is functionally different from an open-market sale and is common practice to satisfy tax obligations on vested awards.
• These transactions reflect compensation vesting rather than a directional buy/sell decision by the insider; they do result in a net increase in Johnson’s shareholdings.