Albertsons (NYSE: ACI) CEO Susan Morris reports RSU conversions and tax withholding
Rhea-AI Filing Summary
Albertsons Companies, Inc. insider equity transactions were reported for executive and director Susan Morris on a Form 4. On 12/01/2025, multiple time-based and performance-based restricted stock units (RSUs) converted into Class A common stock at an exercise price of $18.1 per share. The transactions are coded "M," indicating conversions of derivative securities.
The company withheld portions of several RSU and performance-based RSU grants to cover FICA tax obligations related to Morris becoming eligible for early retirement. The underlying awards were originally granted in 2023, 2024, and 2025 with vesting or earning dates in 2026–2028. Following these tax-related withholdings and conversions, Morris continues to hold a significant number of derivative securities directly, reflecting ongoing equity-based compensation rather than open-market purchases or sales.
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FAQ
What did Albertsons (ACI) disclose in this Form 4 filing?
The filing reports that executive and director Susan Morris had multiple restricted stock unit (RSU) and performance-based RSU awards convert into Class A common stock on 12/01/2025, with shares withheld by Albertsons to satisfy tax obligations.
Were the Albertsons (ACI) insider transactions open-market stock trades?
No. The transactions are coded "M", indicating conversions of derivative securities (RSUs and performance-based RSUs) into common stock at $18.1 per share, with shares withheld to cover FICA taxes, not discretionary market purchases or sales.
Why did Albertsons withhold RSUs for Susan Morris according to the Form 4?
The explanation states that the issuer withheld restricted stock units to satisfy FICA taxes arising from the reporting person being eligible for early retirement, which is a tax-related event tied to existing equity awards.
What types of awards are involved in this Albertsons (ACI) Form 4?
The filing lists both time-based restricted stock units and performance-based restricted stock units, each linked to specific grant dates in 2023, 2024, and 2025 and vesting or earning dates extending through 2028.
What class of stock underlies the RSUs in the Albertsons (ACI) filing?
All derivative securities reported, including time-based and performance-based RSUs, are settled in Class A common stock of Albertsons Companies, Inc., with a par value of $0.01 per share.
What is the reporting person’s relationship to Albertsons (ACI)?
The reporting person is identified as both a Director and an Officer, serving as Chief Executive Officer, indicating senior leadership and board-level involvement with Albertsons Companies, Inc.