Palermo Theresa 4

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.