Palermo Theresa 4

What Happened

• Theresa Palermo, a director of Academy Sports & Outdoors, was granted 3,384 restricted stock units (RSUs) on June 15, 2026. The award was reported as an acquisition at $0.00 because RSUs are a deferred/derivative award (no cash purchase). Each RSU represents a contingent right to one share of common stock upon vesting.

Key Details

• Transaction date: June 15, 2026; filing date: June 16, 2026 (timely).
• Instrument: 3,384 time-based restricted stock units (derivative award) granted under the 2020 Omnibus Incentive Plan.
• Price: $0.00 at grant (typical for RSU awards — no cash exchanged).
• Vesting: 100% vests on the earliest of (i) the first anniversary of the grant (or the business day before the next annual meeting, if earlier), (ii) termination due to death or disability, or (iii) a Change in Control (per filing footnote).
• Footnotes: F1 = granted under the 2020 Omnibus Incentive Plan; F2 = each RSU converts to one share upon vesting; F3 = vesting conditions summarized above.
• Shares owned after the grant were not disclosed in the provided filing excerpt.

Context

• RSU grants to directors are a common part of compensation and do not represent an immediate purchase or sale of shares. They become shares only if and when they vest, so they are not an immediate bullish or bearish trade signal. Monitor future filings for vesting, share issuances, or any sales after conversion.