MARLEY BRIAN T 4
4 · Academy Sports & Outdoors, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Academy Sports (ASO) Director Brian Marley Receives 3,932 Shares
What Happened
Brian T. Marley, a director of Academy Sports & Outdoors (ASO), had 3,932 restricted stock units (RSUs) convert into 3,932 common shares on June 3, 2026. The Form 4 records the derivative conversion (transaction code M) and a same-day disposition of 3,932 shares reported at $0.00 (no cash proceeds reported). This transaction reflects settlement of an award (vesting/conversion), not an open‑market purchase or sale for cash.
Key Details
- Transaction date: 2026-06-03. Reported as conversion/exercise of derivative (code M).
- Shares converted: 3,932 RSUs → 3,932 common shares.
- Disposition reported: 3,932 shares at $0.00 (no cash proceeds shown).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: RSUs convert one-for-one to common stock (F1); granted under the 2020 Omnibus Incentive Plan (F2); these 3,932 time‑based RSUs were granted on June 13, 2025 and vested per the grant terms (F3).
- Filing timeliness: Filing and report date are the same (2026-06-03), indicating a timely report.
Context
The filing documents vesting/settlement of time‑based RSUs rather than a market purchase or sale. A same‑day disposition reported at $0.00 often reflects plan mechanics such as shares surrendered to satisfy tax withholding or administrative actions, but the Form 4 here does not specify the reason. Purchases by insiders tend to be more indicative of bullish sentiment; this entry primarily documents compensation settlement.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-03+3,932→ 43,039 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).