McCabe Matthew M. 4

What Happened

• Matthew M. McCabe, EVP & Chief Marketing Officer of Academy Sports & Outdoors (ASO), was granted a total of 34,628 restricted stock units (17,314 performance-based RSUs and 17,314 time-based RSUs) on March 20, 2026. These awards are grants (Form 4 code A) under the company’s 2020 Omnibus Incentive Plan.
• On March 23, 2026, 1,289 derivative shares converted/vested (code M). To satisfy tax withholding obligations, 529 of those shares were withheld at an indicated value of $51.98 per share, totaling $27,497 (code F). After withholding, 760 vested shares were delivered to McCabe.

Key Details

• Grant date(s): March 20, 2026 (34,628 RSUs granted). Vest/conversion date: March 23, 2026 (1,289 shares converted).
• Tax withholding: 529 shares withheld @ $51.98 = $27,497 (reported as disposal for withholding, code F).
• PRSU terms: the 17,314 performance-based RSUs vest only if pre-set performance metrics over a 3-year period (Feb 1, 2026–Feb 3, 2029) are met and may pay from 0% to 200% of the target (i.e., 0 to 34,628 shares for that award).
• Time-based RSUs: 17,314 time-based RSUs vest in three equal annual installments, subject to continued service.
• RSU conversion: Each RSU converts one-for-one into common stock upon vesting.
• Shares owned after transaction: not specified in the filing.
• Filing date: March 23, 2026; filing appears timely relative to the reported transactions.

Context

• The 529-share transfer was a tax-withholding event (not an open-market sale). Withholding to cover taxes is a routine administrative step following vesting, not necessarily a bearish signal.
• Performance-based RSUs are contingent on future metrics and may result in more, fewer, or no shares depending on outcomes; time-based RSUs vest over several years and are subject to continued employment.
• These entries reflect awards and routine tax withholding rather than an open-market purchase or discretionary sale by the insider.