Albertsons (ACI) EVP credited dividend equivalent units on PBRSU and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Albertsons Companies executive Michael Withers received multiple grants of dividend equivalent units tied to existing equity awards. These awards, all coded as acquisitions, credited small amounts of dividend equivalent units on performance-based and time-based restricted stock units, reflecting the quarterly cash dividend of $0.17 per share of Class A common stock.
The units carry a zero exercise price and will vest and settle on the same schedule as the underlying PBRSUs and RSUs, so there were no open-market purchases or sales. Following these grants, various award series show updated balances, such as 75,525 and 47,845 dividend equivalent units held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Withers Michael
Role
EVP Retail Operations West
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalent Units | 63 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 51 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 793 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 58 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 121 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 97 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 502 | $0.00 | -- |
| Grant/Award | Dividend Equivalent Units | 89 | $0.00 | -- |
Holdings After Transaction:
Dividend Equivalent Units — 5,982 shares (Direct, null)
Footnotes (1)
- Performance Based Restricted stock units ("PBRSUs") credited to the reporting person's account as dividend equivalents on unvested PBRSUs and will vest and settle with the underlying awards. The reported number is the quarterly dividend equivalent to $0.17 per share of common stock. Restricted stock units ("RSUs") credited to the reporting person's account as dividend equivalents on unvested RSUs and will vest and settle with the underlying awards. The reported number is the quarterly dividend equivalent to $0.17 per share of common stock.
Key Figures
Dividend equivalent grant: 89 dividend equivalent units
Dividend equivalent grant: 502 dividend equivalent units
Dividend equivalent grant: 793 dividend equivalent units
+5 more
8 metrics
Dividend equivalent grant
89 dividend equivalent units
Credited on PBRSUs as of transaction date
Dividend equivalent grant
502 dividend equivalent units
Credited on PBRSUs as of transaction date
Dividend equivalent grant
793 dividend equivalent units
Credited on RSUs as of transaction date
Quarterly dividend rate
$0.17 per share
Dividend equivalent on common stock
Post-transaction balance
75,525 dividend equivalent units
One award series after grant
Post-transaction balance
47,845 dividend equivalent units
Another award series after grant
Post-transaction balance
11,530 dividend equivalent units
Award series after 121-unit grant
Post-transaction balance
9,230 dividend equivalent units
Award series after 97-unit grant
Key Terms
Dividend Equivalent Units, Performance Based Restricted stock units ("PBRSUs"), Restricted stock units ("RSUs")
3 terms
Dividend Equivalent Units financial
"Dividend Equivalent Units credited to the reporting person's account"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Performance Based Restricted stock units ("PBRSUs") financial
"Performance Based Restricted stock units ("PBRSUs") credited to the reporting person's account"
Restricted stock units ("RSUs") financial
"Restricted stock units ("RSUs") credited to the reporting person's account as dividend equivalents"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
FAQ
What insider transaction did Albertsons (ACI) report for Michael Withers?
Albertsons reported that EVP Michael Withers received grants of dividend equivalent units. These derivative awards were credited on existing restricted stock units and performance-based RSUs, reflecting the company’s quarterly dividend, and involve no open-market buying or selling of Albertsons Class A common stock.
How many dividend equivalent units did Michael Withers receive in this ACI Form 4?
Michael Withers received several small grants of dividend equivalent units, including awards of 89, 502 and 793 units. Each grant is tied to a specific PBRSU or RSU award series and reflects dividend equivalents credited to those unvested equity awards.
What are dividend equivalent units in the Albertsons (ACI) Form 4 filing?
Dividend equivalent units represent additional units credited on unvested PBRSUs and RSUs when dividends are paid. In this filing, they mirror Albertsons’ quarterly dividend of $0.17 per common share and will vest and settle on the same schedule as the underlying restricted stock awards.
Did Michael Withers buy or sell Albertsons (ACI) stock on the open market?
No, the Form 4 does not show any open-market purchases or sales by Michael Withers. All transactions are coded as acquisitions of dividend equivalent units at a zero exercise price, tied to existing restricted stock awards rather than market trades.
How do these dividend equivalent units affect Michael Withers’ Albertsons (ACI) holdings?
The grants slightly increase the size of Withers’ existing equity award balances. For example, one award series now reflects 75,525 dividend equivalent units following the transaction, and another shows 47,845 units, all held directly and vesting with the underlying PBRSUs or RSUs.
What dividend rate underlies the dividend equivalent units for ACI?
The dividend equivalent units are based on a quarterly dividend of $0.17 per Albertsons common share. This rate is applied to unvested PBRSUs and RSUs, generating additional units that accumulate and then vest and settle alongside the original restricted stock awards.