Form 4: Albertsons Companies EVP Susan Morris Reports Stock Transactions

EVP & Chief Operations Officer of Albertsons Companies, Susan Morris, reports multiple transactions involving Class A common stock and time-based restricted stock units on February 26, 2024.

Summary

• Susan Morris, EVP & Chief Operations Officer of Albertsons Companies, reported changes in beneficial ownership of the company's Class A common stock.
• On February 26, 2024, Morris engaged in multiple transactions involving the acquisition and disposal of Class A common stock.
• These transactions included the vesting of restricted stock units and the subsequent disposal of shares to cover tax obligations.
• The reported transactions resulted in a net change in Morris's holdings of Albertsons Companies' Class A common stock.
• Following the reported transactions, Morris directly owns 671,977 shares of Class A common stock.
• Morris also holds derivative securities in the form of time-based restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by an officer.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding management's perspective on the company's stock value.
• The filing ensures transparency for all stakeholders regarding insider trading activities.

Key Dates