Form 4: Albertsons Companies EVP Thomas Moriarty Reports Stock Transactions
SEC Form 4 Filing
EVP, General Counsel, and CPO of Albertsons Companies, Thomas Moriarty, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 24, 2025, Thomas Moriarty, EVP, General Counsel, and CPO of Albertsons Companies, exercised time-based restricted stock units.
- 27,764 restricted stock units vested, converting into 27,764 shares of Class A common stock.
- Additionally, 29,824 restricted stock units vested, converting into 29,824 shares of Class A common stock.
- Simultaneously, 12,647 shares were disposed of to cover tax obligations at a price of $20.55 per share.
- Another 13,585 shares were disposed of to cover tax obligations at a price of $20.55 per share.
- Following these transactions, Moriarty directly owns 45,725 shares of Class A common stock.
- Moriarty also holds 27,768 time-based restricted stock units that will vest on February 28, 2026.
- He also holds 87,416 time-based restricted stock units that will vest on February 27, 2027.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The reporting person holds additional time-based restricted stock units that will vest in the future, contingent upon continued employment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of earliest transaction: vesting of restricted stock units and disposition of shares. |
| 02/26/2025 | Date of signature by Attorney-in-Fact. |
| 02/28/2026 | Vesting date for 27,768 time-based restricted stock units. |
| 02/27/2027 | Vesting date for 87,416 time-based restricted stock units. |
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