Lawrence Steven Paul 4

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

AI-generated summary of this filing

Updated Mar 23, 2026

Academy (ASO) CEO Steven Paul Receives RSU Grants & Converts 1,933 Shares

What Happened

Lawrence Steven Paul, CEO and Director of Academy Sports & Outdoors (ASO), received large equity awards and settled a small RSU conversion. On March 20, 2026 he was granted 75,028 performance-based RSUs (PRSUs) and 75,028 time‑based RSUs (total 150,056 RSUs) under the company's omnibus plan. On March 23, 2026, 1,933 restricted stock units converted into common shares; 974 of those shares were withheld to satisfy tax withholding at $51.98 per share (total withholding value $50,629).

Key Details

Grant dates: March 20, 2026 (75,028 PRSUs + 75,028 time‑based RSUs). Settlement/conversion date: March 23, 2026.
Tax withholding: 974 shares withheld at $51.98/share = $50,629 (code F = payment of tax liability via share withholding).
Conversion: 1,933 RSUs converted/settled (code M = exercise or conversion of derivative). The conversion itself recorded no cash purchase price.
Awards: PRSUs (performance‑based) and time‑based RSUs granted under the 2020 Omnibus Incentive Plan (codes A). Each RSU converts to one share if/when vested.
PRSU terms: Vesting depends on three preestablished performance metrics over a 3‑year period (Feb 1, 2026–Feb 3, 2029) and may payout 0%–200% of target, subject to continued service and committee certification.
Shares owned after the transactions: not provided in the filing.

Context

The March 20 entries are awards (not purchases); PRSUs are contingent on future performance and may pay nothing or up to 200% of target. Time‑based RSUs vest over three years. The March 23 entries reflect settlement of RSUs with a common practice of withholding shares to cover tax obligations (a non‑market sale for tax purposes). These filings are routine for executive equity compensation and do not by themselves indicate the insider’s view to buy or sell additional shares.

Form 4

Period: 2026-03-20

DirectorCEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-23+1,933→ 168,984 total
Tax Payment
Common Stock
2026-03-23$51.98/sh−974$50,629→ 168,010 total
Award
Restricted Stock Units
[F2][F3]
2026-03-20+75,028→ 75,028 total
Exp: 2036-03-20→ Common Stock (75,028 underlying)
Award
Restricted Stock Units
[F2][F4][F5]
2026-03-20+75,028→ 75,028 total
Exp: 2036-03-20→ Common Stock (75,028 underlying)
Exercise/Conversion
Restricted Stock Units
[F2][F4][F6]
2026-03-23−1,933→ 0 total
Exp: 2033-03-21→ Common Stock (1,933 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]On March 20, 2026, the Reporting Person was granted 75,028 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.
[F4]Each restricted stock unit represents a contingent right to receive one share of Issuer Common Stock.
[F5]On March 20, 2026, subject to the Reporting Person's continued service, the Reporting Person was granted 75,028 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 5,798 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

1 file