Johnson Samuel J 4

What Happened

• Samuel J. Johnson, President of Academy Sports & Outdoors (ASO), received equity awards and had a small number of converted units withheld for taxes. On March 20, 2026, he was granted 36,552 performance-based restricted stock units (PRSUs) and 36,552 time‑based restricted stock units (RSUs). On March 23, 2026, 1,933 derivative units converted into common shares; 1,012 of those shares were surrendered to cover tax withholding valued at $51.98 per share (total $52,604), leaving 921 shares issued to him net of withholding.

Key Details

• Grant date(s): March 20, 2026 (36,552 PRSUs + 36,552 time‑based RSUs).
• Conversion/settlement date(s): March 23, 2026 — 1,933 units converted to shares (code M).
• Tax withholding: 1,012 shares withheld (code F) at $51.98/share for $52,604.
• Net shares received from the conversion: 921 shares (1,933 converted − 1,012 withheld).
• Total RSUs granted on March 20: 73,104 units (36,552 PRSUs + 36,552 time‑based RSUs).
• PRSU terms: Vesting tied to 3-year performance metrics (adjusted pre‑tax income, ROIC, adjusted free cash flow) over Feb 1, 2026–Feb 3, 2029; payout may range from 0% to 200% of target, subject to continued service and committee certification (footnote).
• Time‑based RSUs: Vest in three equal installments beginning on the first anniversary of the grant, subject to continued service.
• Prior awards: 5,798 time‑based RSUs granted on March 21, 2023 (still noted in footnotes).
• Filing: Report filed March 23, 2026 for transactions reported March 20–23, 2026. No late filing flag noted.

Context

• These transactions are primarily awards and the routine tax-withholding that follows vesting/conversion of RSUs. PRSUs are performance-contingent (could pay out at a higher or lower number of shares depending on results); time‑based RSUs vest over time.
• Code explanations: M = exercise/conversion of a derivative/security right (here, RSU/PRSUs converting to common shares); F = shares surrendered to pay tax withholding.
• The filing does not state total common shares Johnson owns after these transactions; the filing shows the net shares issued from this conversion (921) and the details of the new RSU grants.