Form 4: Albertsons Executive Thomas Moriarty Awarded Restricted Stock Units

EVP General Counsel & CPO of Albertsons Companies, Thomas Moriarty, receives time-based and performance-based restricted stock units.

Summary

• Thomas Moriarty, EVP General Counsel & CPO of Albertsons Companies, was granted time-based and performance-based restricted stock units on April 17, 2025.
• The time-based restricted stock units (TBRSUs) total 82,911 and vest in three equal installments on February 28, 2026, February 27, 2027, and February 26, 2028, contingent upon continuous employment.
• Three tranches of performance-based restricted stock units (PBRSUs) were granted, each consisting of 27,637 units, totaling 82,911 PBRSUs.
• These PBRSUs vest on February 26, 2028, contingent upon achieving performance goals for fiscal years 2025, 2026, and 2027, certification by the Compensation Committee, and continued service.
• Each TBRSU and PBRSU entitles the holder to one share of Class A common stock of Albertsons Companies, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating confidence in the executive's performance and the company's future. It's a neutral-positive development.

Positives

• The granting of restricted stock units aligns the executive's interests with those of the shareholders.
• The vesting schedules for both time-based and performance-based units incentivize long-term employment and achievement of company goals.

Risks

• The value of the restricted stock units is dependent on the future performance of Albertsons Companies' stock.
• Failure to meet performance goals could result in the forfeiture of the performance-based restricted stock units.
• The executive leaving the company before the vesting dates would result in the forfeiture of unvested time-based restricted stock units.

Future Outlook

The executive's compensation is tied to the future performance of the company's stock and the achievement of specific performance goals.

Industry Context

Granting restricted stock units is a common practice in the industry to incentivize and retain key executives.

Comparison to Industry Standards

• Equity compensation is a standard practice among publicly traded companies like Albertsons, Kroger, and Walmart to align executive interests with shareholder value.
• The vesting schedules and performance metrics are likely benchmarked against industry peers to ensure competitiveness and effectiveness.

Stakeholder Impact

• Shareholders may view this as a positive sign, aligning executive interests with company performance.
• Employees may see this as a sign of stability and commitment to leadership.

Key Dates

Keywords

restricted stock units, performance-based, time-based, compensation, Thomas Moriarty, Albertsons, equity, incentive