Form 4: Albertsons Companies SVP Acquires Restricted Stock Units

Robert Bruce Larson, SVP & Chief Accounting Officer of Albertsons Companies, acquired time-based and performance-based restricted stock units on April 24, 2024.

Summary

• On April 24, 2024, Robert Bruce Larson, SVP & Chief Accounting Officer of Albertsons Companies, acquired 21,810 time-based restricted stock units and 21,809 performance-based restricted stock units.
• The time-based restricted stock units will vest in three equal installments on February 22, 2025, February 28, 2026, and February 27, 2027, contingent upon continuous employment.
• The performance-based restricted stock units are subject to the attainment of performance goals for the 2024, 2025, and 2026 fiscal years, with the actual number of units earned depending on the satisfaction of these goals.
• Each restricted stock unit represents a contractual right to receive one share of Class A common stock of Albertsons Companies, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the company's future performance. The sentiment is neutral to positive.

Positives

• The acquisition of restricted stock units aligns the executive's interests with the long-term performance of the company.
• The vesting schedule for the time-based units encourages continued employment.
• Performance-based units incentivize the achievement of company goals.

Risks

• The value of the restricted stock units is dependent on the future performance of Albertsons Companies' Class A common stock.
• The performance-based units are subject to the risk that performance goals may not be met, resulting in fewer units being earned.

Future Outlook

The executive's compensation is tied to the future performance of the company's stock and the achievement of performance goals over the next three fiscal years.

Industry Context

This type of equity compensation is common in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units is a typical compensation practice among publicly traded companies, including competitors like Kroger (KR) and Walmart (WMT).
• The vesting schedules and performance-based metrics are generally aligned with industry standards for executive compensation.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a reflection of the company's commitment to its leadership team.

Key Dates