Form 4: Albertsons CEO Vivek Sankaran Reports Acquisition of Dividend Equivalent Units

Albertsons Companies CEO Vivek Sankaran reports the acquisition of dividend equivalent units related to restricted stock units.

Summary

• On February 7, 2025, Vivek Sankaran, CEO of Albertsons Companies, Inc., reported the acquisition of dividend equivalent units.
• These units are related to both unvested restricted stock units (RSUs) and accrued performance-based RSUs.
• The dividend equivalent is $0.15 per share of common stock.
• Sankaran acquired 547, 1,363 and 2,096 dividend equivalent units related to unvested RSUs, bringing his total to 76,719, 191,225 and 293,974 respectively.
• He also acquired 812, 445 and 746 dividend equivalent units related to accrued performance based RSUs, bringing his total to 113,958, 62,392 and 104,697 respectively.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects dividend equivalents accruing on unvested and performance-based RSUs, a common practice in executive compensation packages.

Comparison to Industry Standards

• Dividend equivalent rights on restricted stock units are a common feature in executive compensation packages among publicly traded companies.
• Companies like Walmart, Kroger, and Target also grant RSUs with dividend equivalents to their executives.
• The specific terms and amounts vary based on company performance, individual roles, and overall compensation strategy.

Stakeholder Impact

• The acquisition of dividend equivalent units has a minor positive impact on the CEO's compensation.
• It does not have a direct material impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Dividend Equivalent Units, Restricted Stock Units, Form 4, Insider Trading, Albertsons, Sankaran, CEO