Dick's Sporting Goods (NYSE: DKS) major holder gains new stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DICK'S Sporting Goods major shareholder Michael E. Stack reported an equity award tied to performance goals. He acquired 1,436 shares of common stock on March 24, 2026 at a stated price of $0.00 per share as a grant, and these units remain subject to additional time-based vesting conditions.
Following the award, he holds 36,753 shares directly, including 24,142 shares of Class B common stock with 10 votes per share and the option to convert each into one common share. He is also associated with 12,056,390 shares held indirectly by family trusts, including 11,965,997 Class B shares, where he has shared investment authority and disclaims beneficial ownership beyond his economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stack Michael E.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 per share | 1,436 | $0.00 | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 36,753 shares (Direct);
Common Stock, par value $0.01 per share — 12,056,390 shares (Indirect, By Trust)
Footnotes (1)
- Represents units earned with respect to a performance-based unit award granted on April 3, 2025. The issuer's compensation committee certified the above target attainment of the performance measures on March 24, 2026. These units remain subject to time-based vesting requirements. Amount includes 24,142 shares of Class B common stock (the "Class B Common Stock"), which is not registered under the Securities Exchange Act of 1934, as amended. Holders of Class B Common Stock have identical rights to holders of common stock, except that holders of Class B Common Stock are entitled to 10 votes for each share held of record. Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of common stock. Amount includes 11,965,997 shares of Class B Common Stock. The reporting person has shared investment authority as a manager of the trustee entity of certain family trusts holding shares of the Issuer, and is a co-beneficiary of such trusts. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
FAQ
What insider transaction did Michael E. Stack report for DKS?
Michael E. Stack reported receiving an award of 1,436 shares of DICK'S Sporting Goods common stock on March 24, 2026. The award was granted at a stated price of $0.00 per share and remains subject to additional time-based vesting requirements tied to prior performance goals.
Was the DKS insider transaction a market purchase or a grant?
The DKS insider transaction was a grant/award acquisition, not an open-market purchase. The 1,436-share award resulted from a performance-based unit grant, with the compensation committee certifying target attainment and the units still subject to time-based vesting conditions after certification.
What is notable about the Class B common stock mentioned in the DKS Form 4?
The Class B common stock referenced carries 10 votes per share and is convertible one-for-one into common stock. It is not registered under the Exchange Act but otherwise has identical rights to common stock, giving holders enhanced voting power while preserving economic equivalence through conversion.
What indirect DKS holdings are associated with Michael E. Stack?
Indirectly, family trusts associated with Michael E. Stack hold 12,056,390 shares, including 11,965,997 Class B shares. He has shared investment authority as a manager of the trustee entity and is a co-beneficiary, while disclaiming beneficial ownership beyond his pecuniary interest in those trust-held securities.
How were the performance-based units underlying the DKS award determined?
The 1,436 units were earned from a performance-based unit award granted on April 3, 2025. On March 24, 2026, the compensation committee certified the above-target attainment of performance measures, causing the units to be earned, though they remain subject to time-based vesting.