Form 4: Albertsons Companies EVP Thomas Moriarty Awarded Restricted Stock Units

Thomas Moriarty, EVP, General Counsel & CPO of Albertsons Companies, Inc., was granted time-based and performance-based restricted stock units on April 24, 2024.

Summary

• Thomas Moriarty, an executive at Albertsons Companies, Inc., received restricted stock units.
• On April 24, 2024, Moriarty was granted 87,239 time-based restricted stock units and 87,238 performance-based restricted stock units.
• The time-based units vest in three equal installments annually starting February 22, 2025, contingent upon continued employment.
• The performance-based units are tied to the achievement of performance goals for the company's fiscal years 2024, 2025, and 2026, with the actual number of units earned dependent on goal satisfaction.

Sentiment

Score: 6

Explanation: The document is a standard SEC filing related to executive compensation. It's neutral in tone and reflects routine business operations.

Positives

• The granting of restricted stock units aligns Thomas Moriarty's interests with the long-term performance of Albertsons Companies, Inc.
• The vesting schedule for the time-based units incentivizes continued employment.

Risks

• The value of the restricted stock units is subject to the performance of Albertsons Companies, Inc.'s stock.
• The performance-based units are contingent on achieving specific performance goals, which may not be met.

Future Outlook

The value of the restricted stock units will depend on the future performance of Albertsons Companies, Inc. and the achievement of performance goals.

Industry Context

Granting restricted stock units is a common practice in executive compensation to align management's interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the granting of restricted stock units as a positive incentive for management to improve company performance.
• Employees may see this as a standard part of executive compensation.

Key Dates