Dastugue Michael 4
Research Summary
AI-generated summary
Academy Sports (ASO) Director Michael Dastugue Receives RSU Award
What Happened
Michael Dastugue, a director of Academy Sports & Outdoors, was granted 3,384 restricted stock units (RSUs) on June 15, 2026. The grant is recorded as a derivative award at $0.00 per share (i.e., an equity award rather than a cash purchase). Each RSU represents a contingent right to receive one share of common stock if and when the RSUs vest.
Key Details
- Transaction date: 2026-06-15; Form filed: 2026-06-16 (next‑day filing).
- Transaction type: Grant/Award of RSUs (Code A); 3,384 RSUs granted at $0.00.
- Vesting: 100% vests on the earlier 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.
- Plan: Granted under the Company’s 2020 Omnibus Incentive Plan (as amended).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Timeliness: Filing covers the transaction date (6/15/2026) and was filed on 6/16/2026 — no late filing flag shown.
Context
RSU grants are common compensation for directors and are a promise to deliver shares in the future if vesting conditions are met; they are not an immediate purchase of stock and do not signal an immediate cash flow by the insider. Upon vesting and issuance of shares, there may be dilution to existing shareholders and potential tax withholding (noted tax-withholding specifics were not included in the excerpt).