Form 4: Albertsons Companies Executive Michael Theilmann Reports Dividend Equivalent Unit Transactions

EVP & Chief HR Officer of Albertsons Companies, Michael Theilmann, reports acquisition of dividend equivalent units related to unvested restricted stock units.

Summary

• Michael Theilmann, EVP & Chief HR Officer of Albertsons Companies, filed a Form 4 on August 13, 2024, reporting transactions related to dividend equivalent units.
• The transactions occurred on August 9, 2024, and involved the acquisition of dividend equivalent units related to unvested restricted stock units (RSUs).
• Theilmann acquired 93 dividend equivalent units, bringing his total direct holdings to 15,142 units.
• He also acquired 231 dividend equivalent units, increasing his holdings to 37,737 units.
• Additionally, he acquired 347 dividend equivalent units, resulting in a total of 56,753 units held directly.
• These dividend equivalent units are associated with Class A common stock and will vest and settle with the underlying awards.
• The reported number is the quarterly dividend equivalent to $0.12 per share of common stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It reflects standard compensation practices.

Positives

• The reporting of dividend equivalent units indicates that the executive is receiving value from their unvested RSUs.
• The increased holdings of dividend equivalent units suggest continued alignment with the company's performance.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding executive compensation and stock ownership.

Stakeholder Impact

• Shareholders are informed about executive compensation and alignment with company performance through dividend equivalent unit holdings.

Key Dates