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2021-01-30 0001817358 aso:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:PeoMember 2022-01-30 2023-01-28 0001817358 aso:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:NonPeoNeoMember 2022-01-30 2023-01-28 0001817358 aso:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:PeoMember 2021-01-31 2022-01-29 0001817358 aso:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:NonPeoNeoMember 2021-01-31 2022-01-29 0001817358 aso:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:PeoMember 2020-02-02 2021-01-30 0001817358 aso:EquityAwardsThatFailedToMeetVestingConditionsMember ecd:NonPeoNeoMember 2020-02-02 2021-01-30 0001817358 1 2022-01-30 2023-01-28 0001817358 2 2022-01-30 2023-01-28 0001817358 3 2022-01-30 2023-01-28 iso4217:USD 0001817358 DEF 14A false ACADEMY SPORTS AND OUTDOORS, INC. <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:5.447%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.804%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.548%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.655%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.870%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.019%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.395%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.251%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.661%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="6" style="background-color:#e1d7ac;padding:2px 1pt;text-align:center;vertical-align:middle">Value of Initial Fixed $100 Investment Based On:</td><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="6" style="background-color:#e1d7ac;padding:0 1pt 0 5.5pt"/></tr><tr><td colspan="3" style="background-color:#e1d7ac;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt">Year(1)</div></td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Summary Compensation Table Total for PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-align:right">Compensation Actually Paid to PEO(2)</div></td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Average Summary Compensation Table Total for Non-PEO NEOs</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-align:right">Average Compensation Actually Paid to Non-PEO NEOs(2)</div></td><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-top:1pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-align:right">Total Stockholder Return(3)</div></td><td colspan="3" style="background-color:#e1d7ac;border-top:1pt solid #929292;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-align:right">Peer Group Total Stockholder Return(4)</div></td><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-align:right">Net Income</div><div style="padding-left:4.5pt;text-align:right">(in Thousands)(5)</div></td><td colspan="3" style="background-color:#e1d7ac;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:4.5pt;text-align:right">Net Sales</div><div style="padding-left:4.5pt;text-align:right">(in Billions)(5)</div></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">2022</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$11,357,804</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$23,085,858</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,174,177</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$4,364,899</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"/><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$431.53</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$93.25</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"/><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$628,001</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$6.40</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$11,484,293</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$24,288,147</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,843,333</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$7,366,023</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$289.92</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$109.42</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$671,381</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$6.77</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">2020</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$15,441,951</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$19,771,028</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$4,152,979</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$5,102,115</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"/><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$165.51</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$104.61</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"/><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$308,764</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$5.69</td></tr></table> 11357804 23085858 2174177 4364899 431.53 93.25

628001000

6400000000 11484293 24288147 3843333 7366023 289.92 109.42

671381000

6770000000 15441951 19771028 4152979 5102115 165.51 104.61

308764000

5690000000 The PEO and Non-PEO NEOs for the applicable fiscal years were as follows:<div style="margin-bottom:6pt;padding-left:72pt;text-indent:-18pt">2022: Mr. Hicks served as our PEO and Messrs. Mullican, Lawrence, Johnson, and Maini served as the Non-PEO NEOs.</div><div style="margin-bottom:6pt;padding-left:72pt;text-indent:-18pt">2021: Mr. Hicks served as our PEO and Messrs. Mullican, Lawrence, Johnson, and Maini served as the Non-PEO NEOs.</div><div style="margin-bottom:6pt;padding-left:72pt;text-indent:-18pt">2020: Mr. Hicks served as our PEO and Messrs. Mullican, Lawrence, and Johnson, and Ms. Jamey Rutherford, SVP, Omni-Channel served as the Non-PEO NEOs.</div> Mr. Hicks The dollar amounts reported represent the amount of CAP to our PEO and the average CAP to our Non-PEO NEOs, calculated in accordance with SEC rules. These amounts reflect “Total” compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated consistent with the methodology used for originally valuing the grants under FASB ASC Topic 718:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.428%"><tr><td style="width:1.0%"/><td style="width:36.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.243%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="6" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="6" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td><td colspan="6" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 1pt;text-align:center;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Non-PEO NEOs Average</td><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Non-PEO NEOs Average</td><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Non-PEO NEOs Average</td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Summary Compensation Table - Total</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$11,357,804</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,174,177</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$11,484,293</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,843,333</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$15,441,951</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$4,152,979</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$7,499,970</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$899,972</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$4,999,029</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$1,812,458</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$8,535,005</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$2,568,546</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Plus, the year-end fair value of outstanding and unvested equity awards granted in the year</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$14,069,089</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,963,691</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$8,846,951</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,569,285</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$10,610,140</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,257,412</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Plus, the fair value as of vesting date of equity awards granted and vested in the year</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,715,043</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,641,869</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$658,034</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;padding-right:4.5pt">Plus, the year over year change in fair value of outstanding and unvested equity awards granted in prior years</div></td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,289,409</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,136,874</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$853,659</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$391,943</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Plus, the year over year change in fair value of equity awards granted in prior years that vested in the year</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$154,483</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$9,871</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$8,410,798</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,942,550</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$742,249</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$105,765</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Less, the fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$1,096,735</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$176,687</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$25,908</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Compensation Actually Paid</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-left:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$23,085,858</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$4,364,899</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-left:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$24,288,147</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$7,366,023</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-left:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$19,771,028</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$5,102,115</td></tr></table> The dollar amounts reported represent the amount of CAP to our PEO and the average CAP to our Non-PEO NEOs, calculated in accordance with SEC rules. These amounts reflect “Total” compensation as set forth in the Summary Compensation Table for each year, adjusted as shown below. Equity values are calculated consistent with the methodology used for originally valuing the grants under FASB ASC Topic 718:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.428%"><tr><td style="width:1.0%"/><td style="width:36.862%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.239%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.243%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="6" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 1pt;text-align:center;vertical-align:bottom">2022</td><td colspan="6" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 1pt;text-align:center;vertical-align:bottom">2021</td><td colspan="6" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 1pt;text-align:center;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Non-PEO NEOs Average</td><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Non-PEO NEOs Average</td><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">PEO</td><td colspan="3" style="background-color:#e1d7ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:bottom">Non-PEO NEOs Average</td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;border-left:1pt solid #a7a9ac;padding:0 1pt"/><td colspan="3" style="background-color:#e1d7ac;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Summary Compensation Table - Total</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$11,357,804</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,174,177</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$11,484,293</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,843,333</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$15,441,951</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$4,152,979</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Less, value of “Stock Awards” and “Option Awards” reported in Summary Compensation Table</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$7,499,970</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$899,972</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$4,999,029</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$1,812,458</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$8,535,005</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$2,568,546</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Plus, the year-end fair value of outstanding and unvested equity awards granted in the year</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$14,069,089</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,963,691</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$8,846,951</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,569,285</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$10,610,140</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,257,412</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Plus, the fair value as of vesting date of equity awards granted and vested in the year</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,715,043</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,641,869</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$658,034</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="padding-left:4.5pt;padding-right:4.5pt">Plus, the year over year change in fair value of outstanding and unvested equity awards granted in prior years</div></td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$3,289,409</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$1,136,874</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$853,659</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$391,943</td></tr><tr><td colspan="3" style="padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Plus, the year over year change in fair value of equity awards granted in prior years that vested in the year</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$154,483</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$9,871</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$8,410,798</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$2,942,550</td><td colspan="3" style="border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$742,249</td><td colspan="3" style="padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$105,765</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Less, the fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$1,096,735</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$176,687</td><td colspan="3" style="background-color:#dbdbdb;border-left:1pt solid #a7a9ac;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$0</td><td colspan="3" style="background-color:#dbdbdb;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">-$25,908</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 1pt 2px 5.5pt;text-align:left;vertical-align:middle">Compensation Actually Paid</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-left:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$23,085,858</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$4,364,899</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-left:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$24,288,147</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$7,366,023</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-left:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$19,771,028</td><td colspan="3" style="border-bottom:1pt solid #a7a9ac;border-top:1pt solid #b6b6b6;padding:2px 5.5pt 2px 1pt;text-align:right;vertical-align:middle">$5,102,115</td></tr></table> 11357804 2174177 11484293 3843333 15441951 4152979 -7499970 -899972 -4999029 -1812458 -8535005 -2568546 14069089 1963691 8846951 2569285 10610140 3257412 1715043 0 1641869 0 658034 0 3289409 1136874 0 0 853659 391943 154483 -9871 8410798 2942550 742249 -105765 0 0 -1096735 -176687 0 -25908 23085858 4364899 24288147 7366023 19771028 5102115 Total Shareholder Return (TSR) is calculated by dividing (a) the sum of (i) the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and (ii) the difference between the Company’s share price at the end of each fiscal year shown and the beginning of the measurement period, by (b) the Company’s share price at the beginning of the measurement period. The beginning of the measurement period for each year in the table is October 2, 2020, which is the date of the Company’s IPO.The dollar amounts reported represent the amount of Net Income and Net Sales, respectively, as reflected in the Company’s audited financial statements for the applicable year. The peer group used for this purpose is the Nasdaq US Benchmark Retail Total Return Index. Net Sales <div style="margin-bottom:18pt">Compensation Actually Paid (CAP), Company’s TSR, and Peer Group TSR: The relationship between the PEO’s CAP and the Non-PEO NEOs average CAP in comparison to the Company’s TSR and the TSR of the Nasdaq US Benchmark Retail Total Return Index, is shown below.</div><div style="margin-bottom:36pt;text-align:center"><img alt="Picture1_RGB.jpg" src="aso-20230510_g33.jpg" style="height:383px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:18pt">Compensation Actually Paid (CAP) and Net Income: The relationship between the PEO’s CAP and the Non-PEO NEOs average CAP in comparison to the Company’s Net Income is shown below.</div><div style="text-align:center"><img alt="Picture2_RGB.jpg" src="aso-20230510_g34.jpg" style="height:384px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> <div style="margin-bottom:18pt">Compensation Actually Paid (CAP) and Total Net Sales: The relationship between the PEO’s CAP and the Non-PEO NEOs average CAP in comparison to the Company’s Total Net Sales is shown below.</div><div style="margin-bottom:18pt;text-align:center"><img alt="Picture3_RGB.jpg" src="aso-20230510_g35.jpg" style="height:390px;margin-bottom:5pt;vertical-align:text-bottom;width:672px"/></div> Total Company Net Sales<div style="margin-bottom:9pt">2.Adjusted EBIT</div><div style="margin-bottom:9pt">3.Company Stock Price</div> Total Company Net Sales Adjusted EBIT Company Stock Price