Palermo Theresa 4
4 · Academy Sports & Outdoors, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Academy Sports (ASO) Director Theresa Palermo Exercises RSUs — 3,932 Shares
What Happened
Theresa Palermo, a director of Academy Sports & Outdoors (ASO), had 3,932 restricted stock units (RSUs) convert into 3,932 shares of common stock on June 3, 2026. The Form 4 shows an acquisition (conversion) of 3,932 shares and a simultaneous disposition of 3,932 shares at $0.00. No cash sale proceeds are reported in the filing.
Key Details
- Transaction date: 2026-06-03. Transaction code M (exercise or conversion of a derivative).
- Acquired: 3,932 shares via conversion of RSUs (price N/A). Disposed: 3,932 shares at $0.00 (derivative).
- Shares owned after transaction: not specified in the provided filing details.
- Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — grants made under the 2020 Omnibus Incentive Plan. F3 — these were time-based RSUs granted 6/13/2025 that vest 100% on the earlier of the one‑year anniversary (or business day before the next annual meeting), death/disability, or a change in control.
- Filing timeliness: reported for the transaction date (no late-filing flag indicated).
Context
This was a conversion/vesting of company RSUs, not an open-market purchase or a cash sale. The $0.00 disposition reported in the Form 4 is noted but not explained in the filing (Form 4 does not state the reason); such entries can reflect non‑cash transfers or withholding, but the document does not specify. For retail investors, RSU conversions are routine equity compensation events and do not by themselves indicate a change in the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-03+3,932→ 13,164 total - Exercise/Conversion
Restricted Stock Units
[F2][F1][F3]2026-06-03−3,932→ 0 total→ Common Stock (3,932 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, as amended (the "Plan").
- [F3]On June 13, 2025, the Reporting Person was granted 3,932 time-based restricted stock units that vest 100%, subject to the Reporting Person's continued service with the Issuer, on the earliest of (i) the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders, (ii) the Reporting Person's termination due to death or Disability (as defined in the Plan), or (iii) a Change in Control (as defined in the Plan).