Lawrence Steven Paul 4
4 · Academy Sports & Outdoors, Inc. · Filed Jan 30, 2026
Research Summary
AI-generated summary of this filing
Academy Sports (ASO) CEO Lawrence Paul Exercises RSUs; Sells 839 Shares
What Happened Lawrence Steven Paul, CEO and director of Academy Sports & Outdoors (ASO), had 1,991 restricted stock units (RSUs/derivative awards) convert into common shares on January 30, 2026. To satisfy tax withholding, 839 of those shares were withheld/sold at $55.36 per share, producing proceeds of $46,447. The conversion was reported with no cash exercise price; Paul retained the remaining 1,152 shares from this vesting event.
Key Details
- Transaction date: January 30, 2026.
- Actions reported: conversion/exercise of derivative awards (transaction code M) for 1,991 shares; tax withholding/payment via share disposition (transaction code F) of 839 shares at $55.36 (proceeds $46,447). The conversion shows $0.00 exercise price.
- Shares retained from this vesting: 1,152 (1,991 converted minus 839 withheld).
- Footnotes: F1 — RSUs convert one-for-one to common stock; F2 — awards granted under the 2020 Omnibus Incentive Plan; F3 — these awards originate from a March 30, 2022 performance-based RSU grant (8,501 PRSUs, 7,961 deemed earned after certification, with staged vesting beginning March 1, 2023 and annual installments starting Jan 30, 2024). 540 PRSUs remained unearned and may vest only if certain stock-price conditions are certified as of Jan 30, 2026.
- Timeliness: Filing covers the transaction date (Jan 30, 2026) and was reported on Jan 30, 2026 (appears timely).
Context This was a RSU conversion with share withholding to cover taxes (common practice), not an open-market discretionary sale. Transaction code M indicates conversion/exercise of derivative awards; code F indicates shares were used to pay tax liabilities. Such withholdings are routine and do not necessarily signal the insider’s view of the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-01-30+1,991→ 167,622 total - Tax Payment
Common Stock
2026-01-30$55.36/sh−839$46,447→ 166,783 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F3]2026-01-30−1,991→ 540 totalExp: 2032-03-30→ Common Stock (1,991 underlying)
Footnotes (3)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Granted under the Company's 2020 Omnibus Incentive Plan.
- [F3]On March 30, 2022, the Reporting Person was granted 8,501 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain performance criteria and/or Issuer stock price conditions are met and certified by the Issuer's compensation committee. On March 1, 2023, the Issuer's compensation committee certified achievement of 93.7% of the performance criteria during fiscal 2022 meaning that 7,961 PRSUs were deemed earned. Of this earned amount, 25% of the earned amount of this grant vested on March 1, 2023, and the remaining 75% will vest in three equal annual installments beginning on January 30, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The remaining unearned amount of this grant (i.e., 540 PRSUs) may vest upon certification by the Issuer's compensation committee of achievement of certain Issuer stock price conditions as of January 30, 2026.