Academy Sports & Outdoors (ASO) director awarded 3,384 restricted stock units as equity pay
Rhea-AI Filing Summary
Palermo Theresa reported acquisition or exercise transactions in this Form 4 filing.
Academy Sports & Outdoors director Theresa Palermo received an equity award of 3,384 restricted stock units on June 15, 2026. Each unit represents one share of common stock. The award vests 100% on the earliest of the first anniversary, the business day before the next annual stockholder meeting, certain termination events, or a Change in Control, generally conditioned on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Palermo Theresa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,384 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 3,384 shares (Direct)
Footnotes (3)
- F1. Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan").
- F2. Each restricted stock unit represents a contingent right upon vesting to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
- F3. On June 15, 2026, the Reporting Person was granted 3,384 time-based restricted stock units that vest 100%, subject to the Reporting Person's continued service with the Issuer, on the earliest of (i) the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders, (ii) the Reporting Person's termination due to death or Disability (as defined in the Plan), or (iii) a Change in Control (as defined in the Plan).
Key Figures
RSUs granted: 3,384 units
RSUs after grant: 3,384 units
Grant price per unit: $0.00
+2 more
5 metrics
RSUs granted
3,384 units
Time-based restricted stock units granted on June 15, 2026
RSUs after grant
3,384 units
Total derivative holdings related to this grant following transaction
Grant price per unit
$0.00
Equity award granted at no cash cost to the director
Underlying shares
3,384 shares
Each RSU corresponds to one share of common stock
Vesting structure
100% cliff vesting
Vests on earliest of first anniversary, pre-meeting date, death/Disability, or Change in Control
Key Terms
Restricted Stock Units, 2020 Omnibus Incentive Plan, Change in Control, Annual Meeting of Stockholders, +1 more
5 terms
Restricted Stock Units financial
"On June 15, 2026, the Reporting Person was granted 3,384 time-based restricted stock units that vest 100%."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2020 Omnibus Incentive Plan financial
"Granted under the Company's 2020 Omnibus Incentive Plan, as amended (the "Plan")."
Change in Control financial
"or (iii) a Change in Control (as defined in the Plan)."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Annual Meeting of Stockholders financial
"the business day immediately preceding the date of the Issuer's next Annual Meeting of Stockholders"
Disability financial
"the Reporting Person's termination due to death or Disability (as defined in the Plan)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Academy Sports & Outdoors (ASO) director Theresa Palermo receive in this Form 4?
Theresa Palermo received an award of 3,384 restricted stock units on June 15, 2026. These units were granted under the company’s 2020 Omnibus Incentive Plan as equity compensation for her board service.
How many Academy Sports & Outdoors (ASO) RSUs were granted to Theresa Palermo?
She was granted 3,384 restricted stock units. After this grant, her reported derivative holdings related to this award total 3,384 units, each representing a contingent right to receive one share of Academy Sports & Outdoors common stock upon vesting.
When do Theresa Palermo’s ASO restricted stock units vest?
The 3,384 restricted stock units vest 100% on the earliest of the first anniversary of the grant date, the business day before the next annual stockholder meeting, certain termination events, or a qualifying Change in Control.
What does each restricted stock unit represent for ASO in this filing?
Each restricted stock unit represents a contingent right to receive one share of Academy Sports & Outdoors common stock. Delivery of the underlying share occurs only if the vesting conditions specified in the award and company plan are satisfied.
Under which plan were Theresa Palermo’s ASO RSUs granted?
The 3,384 restricted stock units were granted under Academy Sports & Outdoors’ 2020 Omnibus Incentive Plan, as amended. This plan governs the terms, definitions like Disability and Change in Control, and overall framework for equity-based awards.
Is Theresa Palermo’s ASO Form 4 transaction a market buy or sell?
No, the Form 4 reports an equity grant coded as an acquisition (code A), not an open-market buy or sell. It reflects compensation in the form of restricted stock units rather than a discretionary stock purchase or sale.