[Form 3] Albertsons Companies, Inc. Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
Michael Withers, EVP Retail Operations West at Albertsons Companies, Inc. (ACI), filed an initial Form 3 reporting his beneficial ownership. He directly owns 4,441 shares of Class A common stock and holds equity awards: 138,109 time-based restricted stock units that vest in three annual installments and 65,820 performance-based restricted stock units tied to fiscal-year goals.
Positive
- Initial beneficial ownership disclosed for an executive officer, meeting SEC reporting requirements
- Detailed breakdown of direct shares and unvested awards: 4,441 shares, 138,109 TBRSUs, and 65,820 PBRSUs
- Clear vesting descriptions for TBRSUs and PBRSUs included in the filing
Negative
- None.
Insights
TL;DR: Form 3 discloses standard executive equity holdings and sizable unvested awards, reflecting compensation alignment with shareholders.
The filing is a routine initial beneficial-ownership disclosure for an executive officer. It shows a modest direct shareholding of 4,441 Class A shares and materially larger unvested equity awards: 138,109 TBRSUs and 65,820 PBRSUs. These awards indicate that a significant portion of the executive's future equity stake depends on continued service and performance certification. There are no derivative instruments other than the restricted stock units disclosed and no indications of pledging or indirect ownership structures in this form.
TL;DR: Disclosure is complete for initial reporting; awards follow common time- and performance-based vesting structures.
The Form 3 appropriately reports direct ownership and explains the vesting mechanics for TBRSUs and PBRSUs. TBRSUs vest in three equal annual installments conditioned on continued employment; PBRSUs are subject to performance certification after applicable periods. The filing was signed by an attorney-in-fact, which is an acceptable practice for timely reporting. No governance red flags or unusual ownership arrangements are presented in this document.