Academy Sports (ASO) Director Jeffrey Tweedy Receives 3,932 Shares

What Happened

• Jeffrey C. Tweedy, a director of Academy Sports & Outdoors (ASO), had 3,932 restricted stock units (RSUs) convert into 3,932 common shares on June 3, 2026 (reported as an exercise/conversion of a derivative, transaction code M). The filing also reports a simultaneous disposition of 3,932 shares at $0.00 (derivative disposal).
• The filing shows no cash value for the conversion (acquired shares listed as N/A) and the disposition price is $0.00, so no sale proceeds were reported. This transaction reflects RSU vesting/settlement rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-03; Form filed 2026-06-03 (no late filing indicated).
• Acquired: 3,932 shares via conversion/exercise of derivative (code M) — price listed as N/A.
• Disposed: 3,932 shares at $0.00 (derivative disposition).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: RSUs convert into common stock on a one‑for‑one basis.
  • F2: Grant made under the Company’s 2020 Omnibus Incentive Plan.
  • F3: These were 3,932 time‑based RSUs granted on June 13, 2025 that vested on the earliest applicable vesting date (one‑year anniversary or other triggers).
• Note: disposal at $0.00 is commonly used in filings to reflect shares withheld for taxes or other non‑cash settlement mechanics when RSUs vest (the form lists it as a derivative disposition).

Context

• This was a routine equity‑compensation settlement (RSU vesting/conversion), not an open‑market buy or sale. Such transactions typically reflect compensation vesting rather than a director expressing a buy/sell view.
• For retail investors, purchases by insiders can be a clearer bullish signal; vesting/withholding events are standard administrative transactions and do not necessarily indicate a change in insider sentiment.