Mullican Michael P. 4

4 · Academy Sports & Outdoors, Inc. · Filed Mar 23, 2023

Form 4

Period: 2023-03-21

EVP & CFO

Transactions

Award
Restricted Stock Units
2023-03-21+11,597→ 11,597 total
Exp: 2033-03-21→ Common Stock (11,597 underlying)
Award
Stock Options (Right to Buy)
2023-03-21+12,529→ 12,529 total
Exercise: $64.67Exp: 2033-03-21→ Common Stock (12,529 underlying)
Award
Restricted Stock Units
2023-03-21+5,798→ 5,798 total
Exp: 2033-03-21→ Common Stock (5,798 underlying)

Footnotes (5)

[F1]Granted under the Company's 2020 Omnibus Incentive Plan (the "Plan").
[F2]Each restricted stock unit represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
[F3]On March 21, 2023, the Reporting Person was granted 11,597 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain preestablished performance metrics related to the Company's (i) adjusted pre-tax income, and (ii) return on invested capital over a 3-year period beginning on January 29, 2023 and ending on January 31, 2026, 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.
[F4]These time-based options vest in three equal installments beginning on the first anniversary of the grant date.
[F5]These time-based RSUs vest in three equal installments beginning on the first anniversary of the grant date.

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