Form 4: Albertsons Companies SVP Robert Bruce Larson Reports Stock Transactions
SEC Form 4
Robert Bruce Larson, SVP & Chief Accounting Officer of Albertsons Companies, reports transactions involving Class A common stock and restricted stock units.
Summary
- On February 26, 2024, Robert Bruce Larson, SVP & Chief Accounting Officer of Albertsons Companies, reported several transactions.
- These transactions involved the acquisition and disposal of Class A common stock, par value $0.01, and the vesting of time-based restricted stock units.
- Larson acquired shares through the vesting of restricted stock units and disposed of shares to cover tax obligations.
- Following these transactions, Larson directly owns 59,451 shares of Class A common stock.
- He also owns 4,921 Time-based Restricted Stock Units that will vest in the future and 11,097 Time-based Restricted Stock Units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices. It doesn't indicate any significant positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates that Larson is meeting the conditions of his employment agreement.
Future Outlook
The reporting person holds restricted stock units that will vest in the future, contingent upon continued employment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing is typical for executives receiving stock-based compensation.
Comparison to Industry Standards
- Monitoring insider transactions is a standard practice in corporate governance.
- Companies like Kroger (KR) and Walmart (WMT) also have similar insider transaction reporting requirements.
- The vesting schedules of restricted stock units are common compensation practices to align executive interests with long-term shareholder value.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They provide transparency into executive compensation and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| 02/25/2023 | One of three vesting dates for a time-based restricted stock unit award. |
| 02/24/2024 | Full vesting date for a restricted stock unit award and one of three vesting dates for another time-based restricted stock unit award. |
| 02/26/2024 | Date of the reported transactions. |
| 02/22/2025 | One of three vesting dates for two time-based restricted stock unit awards. |
| 02/28/2026 | Final vesting date for a time-based restricted stock unit award. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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