Form 4: Albertsons Director Lisa Gray Receives RSU Equivalents

Albertsons Companies Director Lisa A. Gray acquired 79 time-based Restricted Stock Units as dividend equivalents on her unvested awards.

Summary

• Lisa A. Gray, a Director of Albertsons Companies, Inc. (ACI), reported the acquisition of 79 time-based Restricted Stock Units (RSUs).
• These RSUs were credited to her account as dividend equivalents on her existing unvested RSUs.
• The dividend equivalent was calculated at $0.15 per share of common stock.
• The newly acquired RSUs will vest and settle concurrently with the underlying awards.
• Following this transaction, Lisa A. Gray beneficially owns 9,393 derivative securities (RSUs).

Sentiment

Score: 6

Explanation: Slightly positive, as it indicates continued director alignment with shareholder interests through increased beneficial ownership, albeit a routine compensation event.

Positives

• The acquisition of dividend equivalent RSUs increases the director's beneficial ownership, further aligning her interests with those of shareholders.
• This is a routine part of the company's compensation structure for RSU holders, indicating consistent corporate governance practices.

Future Outlook

The acquired Restricted Stock Units are expected to vest and settle with the underlying awards, indicating a future conversion to Class A common stock upon meeting vesting conditions.

Industry Context

The practice of granting Restricted Stock Units (RSUs) and providing dividend equivalents on unvested awards is a common component of executive and director compensation packages across various industries, including retail and grocery. It serves to align the interests of management with long-term shareholder value.

Stakeholder Impact

• Shareholders: The transaction reflects a routine aspect of director compensation, aligning director interests with long-term shareholder value through equity ownership.

Next Steps

• The acquired RSUs will vest and settle with the underlying awards, converting into Class A common stock upon satisfaction of vesting conditions.

Key Dates

Keywords

Albertsons, ACI, Form 4, Insider Transaction, Restricted Stock Units, RSU, Dividend Equivalents, Director Compensation, Beneficial Ownership