Form 4: Albertsons Executive Michael Theilmann Reports Stock Transactions

EVP & Chief HR Officer Michael Theilmann reports the vesting and subsequent disposal of performance-based restricted stock units, along with tax withholding transactions.

Summary

• On April 22, 2024, Michael Theilmann, EVP & Chief HR Officer of Albertsons Companies, Inc., reported transactions involving Class A common stock.
• 99,982 performance-based restricted stock units vested and were converted into Class A common stock.
• 39,343 shares were disposed of to cover tax obligations at a price of $21.44 per share.
• Following these transactions, Theilmann directly owns 379,020 shares of Class A common stock.
• The transactions were reported on Form 4, filed with the SEC on April 24, 2024.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This filing indicates the vesting of previously granted performance-based restricted stock units and the subsequent sale of shares to cover tax obligations, which is a common practice.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity and a small sale to cover taxes.

Key Dates