Albertsons (ACI) grants time- and performance-based RSUs to EVP Backus
Rhea-AI Filing Summary
Backus Robert reported acquisition or exercise transactions in this Form 4 filing.
Albertsons Companies EVP Retail Operations East Robert Backus reported equity awards in the form of restricted stock units. He received multiple grants of performance-based restricted stock units, each covering 15,781 units tied to Class A common stock, and a separate grant of 47,343 time-based restricted stock units.
The time-based units vest in three equal installments on February 27, 2027, February 26, 2028, and February 24, 2029, assuming continued employment. The performance-based units vest on February 24, 2029, if fiscal 2026–2028 performance goals are achieved, the Compensation Committee certifies results, and he remains in service through certification.
Positive
- None.
Negative
- None.
Insights
Routine equity compensation grants align EVP incentives with long-term performance.
Albertsons Companies granted EVP Retail Operations East Robert Backus time-based and performance-based restricted stock units that settle in Class A common stock. These awards represent stock-based compensation rather than open-market purchases or sales, so they primarily affect his pay mix and incentives.
The time-based RSUs vest in three tranches through 2029, encouraging retention. The performance-based RSUs depend on achieving goals for fiscal 2026–2028 and Compensation Committee certification, linking payout to multi-year results. Overall, this appears to be a standard long-term incentive structure.
Insider Trade Summary
| 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 | -- |
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.