Lawrence Steven Paul 4

What Happened
Lawrence Steven Paul, CEO and Director of Academy Sports & Outdoors (ASO), had 9,917 time‑based restricted stock units (RSUs) convert into common stock on June 9, 2026. Of those shares, 4,994 were withheld to cover tax obligations at $51.67 per share (total value $258,040), leaving a net issuance of 4,923 shares to the reporting person. This is a vesting/settlement of awards, not an open‑market purchase or sale.

Key Details

• Transaction date: June 9, 2026 (filed same day).
• Conversion: 9,917 RSUs converted into 9,917 common shares (transaction code M = conversion/exercise).
• Tax withholding: 4,994 shares withheld/disposed to satisfy tax liability at $51.67/share for $258,040 (transaction code F).
• Net shares delivered to insider: 9,917 − 4,994 = 4,923 shares.
• Footnotes: F1 = RSUs convert one‑for‑one into common stock; F2 = granted under the 2020 Omnibus Incentive Plan; F3 = these RSUs were part of a 29,750 award granted June 9, 2023 that vests in three equal annual installments.
• Shares owned after transaction: Not specified in the filing.
• Timeliness: Filing shows same‑day reporting; not reported late.

Context

• This was a routine vesting/settlement of time‑based RSUs; the withholding of shares to cover taxes is a common net‑settlement practice and not an open‑market sale.
• Such award vesting signals issuance of shares to the insider but does not necessarily indicate a change in the insider’s view of the company’s outlook.