Academy Sports & Outdoors (ASO) CFO Ford Carlton IV Converts RSUs, Sells 638 Shares

What Happened

• Ford Earl Carlton IV, EVP & CFO of Academy Sports & Outdoors, converted 1,621 restricted stock units (RSUs) into 1,621 common shares on 2026-09-08. On the same date he sold/withheld 638 of those shares to satisfy tax withholding obligations at $44.94 per share, yielding $28,672.
• Net effect: 1,621 shares issued from RSU conversion, 638 shares relinquished for taxes, leaving 983 newly vested shares retained (1,621 − 638 = 983). The conversion is an award/vesting event rather than an open‑market purchase; the sale appears to be routine tax withholding.

Key Details

• Date: 2026-09-08.
• Conversion: 1,621 RSUs converted into 1,621 common shares (transaction code M).
• Tax withholding/sale: 638 shares disposed at $44.94 each for total proceeds of $28,672 (transaction code F).
• Filing also lists a derivative line of 1,621 shares at $0.00 (reflects RSU conversion mechanics).
• Footnotes: F1 = RSUs convert one-for-one into common stock; F3 = granted under the 2020 Omnibus Incentive Plan; F4 = these RSUs were part of a 4,863 RSU grant on 9/6/2023 that vests in three equal installments.
• Shares owned after the transaction: not specified in the provided data.
• Timeliness: filing shows the transaction date as 2026-09-08; no late filing flag noted.

Context

• This was a vesting/conversion of RSUs with a tax‑withholding sale (a common, routine action when awards vest). Such transactions are typically administrative and do not necessarily signal the insider’s view of the company’s prospects.
• In plain terms: the CFO received vested shares and had a portion automatically sold/withheld to cover taxes (cashless/withholding mechanism), rather than making a discretionary open‑market sale or purchase.