Albertsons (ACI) EVP granted time- and performance-based RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Withers Michael reported acquisition or exercise transactions in this Form 4 filing.
Albertsons Companies executive Michael Withers received new equity awards in the form of restricted stock units. On April 16, 2026, he was granted performance-based restricted stock units that represent a target of 15,781 shares of Class A common stock, which vest on February 24, 2029 if fiscal 2026–2028 performance goals are achieved and certified and he remains in service through that date. He was also granted 47,343 time-based restricted stock units, each convertible into one share of Class A common stock, vesting in three equal installments on February 27, 2027, February 26, 2028, and February 24, 2029, subject to continued employment. These are compensation grants at no cash purchase price, not open-market stock purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Withers Michael
Role
EVP Retail Operations West
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Time-based Restricted Stock Units | 47,343 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 15,781 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 15,781 | $0.00 | -- |
| Grant/Award | Performance-Based Restricted Stock Units | 15,781 | $0.00 | -- |
Holdings After Transaction:
Time-based Restricted Stock Units — 47,343 shares (Direct, null);
Performance-Based Restricted Stock Units — 15,781 shares (Direct, null)
Footnotes (1)
- Each time-based restricted stock unit ("TBRSU") entitles the holder to one share of Class A common stock of Albertsons Companies, Inc. (the "Company"). The award vests in three equal installments on February 27, 2027, and February 26, 2028, and February 24, 2029, provided the reporting person remains continuously employed through each vesting date. Each performance-based restricted stock unit ("PBRSU") award granted on April 16, 2026. Each PBRSU entitles the holder to one share of Class A common stock of the Company, vesting on February 24, 2029, contingent upon the achievement of performance goals for fiscal years 2026, 2027, and 2028, certification by the Compensation Committee, and the reporting person's continued service through the certification date. The reported number of PBRSUs is the "target" amount, with the actual number earned depending on performance goal attainment.
Key Figures
Performance-based RSUs target: 15,781 units
Time-based RSUs granted: 47,343 units
PBRSU vesting date: February 24, 2029
+2 more
5 metrics
Performance-based RSUs target
15,781 units
Each PBRSU equals one Class A share; contingent on fiscal 2026–2028 performance and vesting on February 24, 2029
Time-based RSUs granted
47,343 units
Each TBRSU equals one Class A share; vests in three equal installments over 2027–2029
PBRSU vesting date
February 24, 2029
PBRSUs vest on this date if performance goals for fiscal 2026–2028 are achieved and certified and service continues
TBRSU vesting dates
2027-02-27, 2028-02-26, 2029-02-24
Three equal installments vest on these dates, subject to Michael Withers’ continued employment
Grant price per unit
$0.00 per unit
RSUs granted as equity compensation with no cash purchase price reported
Key Terms
Performance-Based Restricted Stock Units, Time-based Restricted Stock Units, Compensation Committee, Class A common stock par value $0.01
4 terms
Performance-Based Restricted Stock Units financial
"Each performance-based restricted stock unit ("PBRSU") award granted on April 16, 2026."
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Time-based Restricted Stock Units financial
"Each time-based restricted stock unit ("TBRSU") entitles the holder to one share of Class A common stock"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
Compensation Committee financial
"contingent upon the achievement of performance goals ... and certification by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Class A common stock par value $0.01 financial
"underlying_security_title": "Class A common stock par value $0.01""
FAQ
What equity awards did ACI executive Michael Withers receive in this Form 4?
Michael Withers received grants of performance-based and time-based restricted stock units. The performance-based units target 15,781 shares, and the time-based units cover 47,343 shares of Albertsons Class A common stock as part of his equity compensation package.
How do the performance-based RSUs for ACI’s Michael Withers vest?
The performance-based restricted stock units vest on February 24, 2029 if performance goals for fiscal years 2026, 2027, and 2028 are achieved, the Compensation Committee certifies results, and Michael Withers remains employed through the certification date, with 15,781 target shares subject to these conditions.
What is the vesting schedule for Michael Withers’ time-based RSUs at Albertsons (ACI)?
The time-based restricted stock units vest in three equal installments on February 27, 2027, February 26, 2028, and February 24, 2029. Each time-based unit converts into one share of Albertsons Class A common stock if Michael Withers remains continuously employed through each vesting date.
What role does performance play in Michael Withers’ ACI PBRSU grant?
The performance-based restricted stock units depend on achieving performance goals for fiscal 2026, 2027, and 2028. The Compensation Committee must certify goal attainment, and the reported 15,781 units represent a target amount, with the actual shares earned varying based on performance results.
Does this ACI Form 4 show remaining option or derivative positions for Michael Withers?
The disclosure lists derivative transactions in restricted stock units but shows no additional derivative positions in the remaining-derivative summary. The filing focuses on new RSU grants rather than exercises of existing options or other derivative securities for Michael Withers.