Form 4: Albertsons Companies EVP Thomas Moriarty Reports Stock Transactions

EVP, General Counsel, and CPO of Albertsons Companies, Thomas M. Moriarty, reports the acquisition and disposal of Class A common stock and derivative securities.

Summary

• Thomas M. Moriarty, EVP, General Counsel & CPO of Albertsons Companies, reported transactions involving Class A common stock.
• On February 26, 2024, Moriarty acquired 27,073 shares of Class A common stock.
• Also on February 26, 2024, Moriarty disposed of 12,704 shares of Class A common stock at a price of $21.44.
• Following these transactions, Moriarty beneficially owns 14,369 shares of Class A common stock.
• Moriarty also reported transactions involving time-based restricted stock units, with 27,073 units converted.
• Following the transaction, Moriarty owns 54,147 derivative securities.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive stock transactions, with neutral sentiment.

Future Outlook

The time-based restricted stock units vest in three equal installments on February 24, 2024, February 22, 2025 and February 28, 2026, contingent upon continued employment.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership of company stock.
• The vesting schedule of restricted stock units incentivizes continued employment of the reporting person.

Key Dates