Form 4: Albertsons Exec Gains 1,322 Dividend Equivalent Units

Albertsons Companies' EVP & Chief HR Officer, Michael T. Theilmann, acquired 1,322 dividend equivalent units on November 7, 2025, tied to unvested and performance-based restricted stock units.

Summary

• Michael T. Theilmann, Executive Vice President and Chief HR Officer of Albertsons Companies, Inc. (ACI), acquired 1,322 dividend equivalent units on November 7, 2025.
• These units were credited as dividend equivalents on both unvested restricted stock units (RSUs) and accrued performance-based RSUs.
• The dividend equivalent rate for these units was $0.15 per share of common stock on a quarterly basis.
• The acquired dividend equivalent units will vest and settle concurrently with their underlying RSU awards.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged instruction for the purchase or sale of equity securities.

Sentiment

Score: 6

Explanation: The filing reflects a routine, positive event for the executive (receiving additional compensation) and indicates standard corporate governance practices. It is neutral for the company's overall financial health or strategic direction, as it's a compensation detail rather than an operational or financial performance update.

Positives

• The executive received additional equity-linked compensation through dividend equivalents, further aligning their interests with those of shareholders.
• The transaction was executed under a Rule 10b5-1(c) plan, which demonstrates a pre-arranged and compliant approach to insider transactions.

Future Outlook

The acquired dividend equivalent units are expected to vest and settle with their underlying restricted stock unit awards, indicating future equity payouts contingent on the vesting schedules of the original awards.

Management Comments

• Restricted stock units ('RSUs') credited to the reporting person's account as dividend equivalents on unvested RSUs and will vest and settle with the underlying awards.
• Restricted stock units ('RSUs') credited to the reporting person's account as dividend equivalents on accrued performance based RSUs, which will vest and settle with the underlying awards.

Industry Context

This transaction represents a routine component of executive compensation packages in publicly traded companies, where dividend equivalents on unvested equity awards are common practice to maintain alignment between executive incentives and shareholder returns, particularly in the retail grocery sector where Albertsons operates.

Comparison to Industry Standards

• The practice of granting dividend equivalents on unvested restricted stock units is a standard component of executive compensation across various industries, including retail and consumer staples, aligning executive interests with shareholder returns.
• Companies like Kroger (KR) and Walmart (WMT) also utilize similar equity compensation structures for their executives, often including dividend equivalents or reinvestment features for unvested awards.
• The use of a Rule 10b5-1(c) plan for such transactions is a common corporate governance practice, demonstrating a pre-planned and compliant approach to insider trading.

Stakeholder Impact

• Shareholders: The transaction is a routine part of executive compensation, aligning executive interests with dividend payments, but has no direct impact on current share price or dividend policy.
• Employees: No direct impact on general employees, as this relates to executive-level equity compensation.

Next Steps

• The acquired dividend equivalent units will vest and settle with their underlying restricted stock unit awards according to their original vesting schedules.

Key Dates

Keywords

Albertsons Companies, ACI, Michael Theilmann, Form 4, Insider Transaction, Dividend Equivalent Units, Restricted Stock Units, Executive Compensation, Equity Compensation, Rule 10b5-1