Form 4: Albertsons Executive Susan Morris Reports Acquisition of Dividend Equivalent Units

EVP and Chief Operations Officer of Albertsons Companies, Susan Morris, reports the acquisition of dividend equivalent units related to restricted stock units.

Summary

• Susan Morris, EVP & Chief Operations Officer at Albertsons Companies, reported the acquisition of dividend equivalent units on November 8, 2024.
• These units are related to her existing restricted stock units (RSUs) and performance-based RSUs.
• The dividend equivalent units will vest and settle along with the underlying RSU awards.
• The dividend equivalent is $0.12 per share of common stock.
• A total of 2,100 dividend equivalent units were acquired related to unvested RSUs.
• A total of 716 dividend equivalent units were acquired related to accrued performance based RSUs.
• The total number of dividend equivalent units acquired is 2,816.

Sentiment

Score: 7

Explanation: The document is a routine filing related to executive compensation. It is neither particularly positive nor negative, but indicates that the executive is receiving expected benefits.

Positives

• The acquisition of dividend equivalent units indicates that the executive is receiving benefits from the company's performance.
• The dividend equivalent units will vest and settle with the underlying RSU awards, aligning the executive's interests with the company's long-term performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for executives who receive stock-based compensation. The acquisition of dividend equivalent units is a typical part of executive compensation packages.

Comparison to Industry Standards

• Many publicly traded companies use restricted stock units (RSUs) and dividend equivalents as part of their executive compensation packages.
• The practice of granting dividend equivalents on unvested RSUs is common across various industries, including retail.
• Companies like Kroger and Walmart also use similar compensation structures for their executives.

Stakeholder Impact

• The acquisition of dividend equivalent units has a minor positive impact on the executive's compensation.
• The impact on shareholders is minimal as this is a standard part of executive compensation.

Key Dates

Keywords

Albertsons, dividend equivalent units, restricted stock units, RSUs, executive compensation, insider trading, Form 4, Susan Morris