Form 4 for ASO Academy Sports & Outdoors, Inc.
Accepted 2023-06-13 00:00:00 ET · period of report 2023-06-09 · accession 0001817358-23-000155 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-06-13 | 2023-06-09 | ASO | Mullican Michael P. | Pres | S - Sale+OE | $50.34 | -65.8K | 109.3K | -38% | -$3.31M |
| DM | 2023-06-13 | 2023-06-09 | ASO | Mullican Michael P. | Pres | M - OptEx | $0.00 | +65.8K | 153.4K | +75% | $0 |
| DM | 2023-06-13 | 2023-06-09 | ASO | Mullican Michael P. | Pres | M - OptEx | $0.00 | -65.8K | 0 | -100% | $0 |
| DM | 2023-06-13 | 2023-06-09 | ASO | Mullican Michael P. | Pres | A - Grant | $0.00 | +74.7K | 30.1K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-06-09 | S | D | 65,694 | $50.34 | 109,404 | D | — | — | (F1) Sale of shares to cover the cost of exercise and withholding tax obligations arising from the stock option exercise reported above and the sale of 100% of the net shares acquired from this exercise. (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $49.90 to $50.89, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
| 2 | Common | Common Stock | 2023-06-09 | M | A | 21,712 | $0.00 | 175,098 | D | — | — | |
| 3 | Common | Common Stock | 2023-06-09 | M | A | 44,082 | $0.00 | 153,386 | D | — | — | |
| 4 | Common | Common Stock | 2023-06-09 | S | D | 100 | $50.99 | 109,304 | D | — | — | (F1) Sale of shares to cover the cost of exercise and withholding tax obligations arising from the stock option exercise reported above and the sale of 100% of the net shares acquired from this exercise. |
| 5 | Derivative | Stock Options (Right to Buy) | 2023-06-09 | M | D | 44,082 | $0.00 | 0 | D | $16.57 · — to 2029-03-07 | 44,082 Common Stock | (F3) These time-based options are fully vested. |
| 6 | Derivative | Stock Options (Right to Buy) | 2023-06-09 | M | D | 21,712 | $0.00 | 0 | D | $16.57 · — to 2029-03-07 | 21,712 Common Stock | (F4) These performance-based options are fully vested. |
| 7 | Derivative | Restricted Stock Units | 2023-06-09 | A | A | 14,875 | $0.00 | 14,875 | D | — · — to 2033-06-09 | 14,875 Common Stock | (F5) Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan"). (F6) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock"). (F7) These time-based RSUs vest in three equal installments beginning on the first anniversary of the grant date. |
| 8 | Derivative | Restricted Stock Units | 2023-06-09 | A | A | 29,750 | $0.00 | 29,750 | D | — · — to 2033-06-09 | 29,750 Common Stock | (F5) Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan"). (F6) Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock"). (F8) On June 9, 2023, the Reporting Person was granted 29,750 performance-based restricted stock units ("PRSUs"). These PRSUs vest if certain preestablished performance metrics related to the Company's (i) adjusted pre-tax income, and (ii) return on invested capital over a 3-year period beginning on January 29, 2023 and ending on January 31, 2026, are achieved and certified by the Issuer's compensation committee (which, if any, may vary from 0% to 200% of the number shown above), subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. |
| 9 | Derivative | Stock Options (Right to Buy) | 2023-06-09 | A | A | 30,096 | $0.00 | 30,096 | D | $50.42 · — to 2033-06-09 | 30,096 Common Stock | (F5) Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan"). (F9) These time-based options vest in three equal installments beginning on the first anniversary of the grant date. |