Form 4: Albertsons CMO Michelle Larson Receives Equity Grant

Albertsons Companies Chief Merchandising Officer Michelle Larson was granted 213,806 total restricted stock units on April 16, 2026.

Summary

• Chief Merchandising Officer Michelle Larson received a grant of 106,903 time-based restricted stock units (TBRSUs).
• The officer also received three separate grants of performance-based restricted stock units (PBRSUs) totaling 106,903 units at target levels.
• The TBRSUs vest in three equal annual installments starting February 27, 2027, through February 24, 2029.
• The PBRSUs vest on February 24, 2029, subject to performance goals for fiscal years 2026-2028 and continued employment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation that carries no immediate impact on the company's operational or financial outlook.

Positives

• Equity-based compensation aligns the interests of the Chief Merchandising Officer with long-term shareholder value.
• The inclusion of performance-based vesting criteria incentivizes the achievement of specific fiscal goals over a three-year period.

Negatives

• The issuance of these units will result in future dilution of existing shareholders upon vesting and conversion to common stock.

Risks

• Vesting of performance-based units is contingent upon meeting specific fiscal performance targets which may not be achieved.
• Retention risk exists if the reporting person does not remain employed through the respective vesting dates.

Future Outlook

The company expects the executive to contribute to performance goals over the 2026, 2027, and 2028 fiscal years to trigger the vesting of performance-based equity.

Industry Context

StockSavvy.ai notes that equity grants to C-suite executives are standard practice in the retail grocery sector to ensure leadership retention and alignment with long-term strategic performance objectives.

Comparison to Industry Standards

• The use of a mix of time-based and performance-based vesting is consistent with compensation structures at major retailers like Kroger and Walmart.
• The three-year performance window aligns with typical industry standards for executive long-term incentive plans (LTIP).

Stakeholder Impact

• Shareholders may experience minor dilution upon the eventual vesting and issuance of these shares.

Next Steps

• Vesting of the first installment of time-based units on February 27, 2027.
• Performance evaluation for fiscal years 2026-2028 to determine final PBRSU payout.

Key Dates

Keywords

Albertsons, ACI, Form 4, Insider Trading, Equity Compensation, Executive Compensation, Merchandising