Christopher Lee Turner, a director of Academy Sports & Outdoors, Inc., just received 1,334 restricted shares from the company. The restricted shares don't become available to Turner until such time as they become vested. Turner now owns at least 1,334 restricted shares of the company.
Some additional info was provided as follows:
Each restricted stock unit represents a contingent right to receive one share of Issuer common stock, par value $0.01 per share ("Common Stock").
Represents a grant of time-based restricted stock units that vest 100%, subject to the Director's continued service with the Company, on the vesting date, on the earliest of (i) the first anniversary of the date of grant, or, if earlier, the date which is the business day immediately pre ceding the date of the next Annual Stockholders Meeting, (ii) the Director's termination due to death or Disability (as defined in the Plan) or (iii) a Change in Control (as defined in the Plan).
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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