Johnson Clay M 4

What Happened

• Clay M. Johnson, a director of Academy Sports & Outdoors, had 1,825 restricted stock units (RSUs) convert into 1,825 shares of common stock on June 3, 2026. The Form 4 reports an exercise/conversion (transaction code M) for 1,825 shares; the filing shows the converted/issued shares and a corresponding derivative disposal entry at $0.00, indicating a non‑cash settlement of the awards. No cash sale or open‑market transaction is reported.

Key Details

• Transaction date: 2026-06-03 (reported on the same date).
• Shares converted: 1,825 RSUs → 1,825 common shares. Reported price for disposal: $0.00 (no cash proceeds reported).
• Shares owned after transaction: not specified in the filing.
• Plan and grant: RSUs were granted under the Company’s 2020 Omnibus Incentive Plan (see footnote). The RSUs were originally granted on December 12, 2025 and vest 100% subject to continued service or certain other events (footnotes F1–F3).
• Filing timeliness: filed on the transaction date (no late filing indicated).

Context

• This is a vesting/conversion of restricted stock units (a derivative settlement), not an open‑market buy or sale. Such conversions are routine compensation events and do not by themselves signal a purchase or sale decision by the insider.
• Transaction code M denotes exercise or conversion of a derivative security (here, RSUs converting 1:1 into common stock). The $0.00 disposal entry reflects the non‑cash nature of the settlement as reported, not a market sale.