Backus Robert 4
4 · Albertsons Companies, Inc. · Filed Apr 20, 2026
Research Summary
AI-generated summary of this filing
Albertsons (ACI) EVP Robert Backus Receives Equity Awards
What Happened
Robert Backus, EVP Retail Operations East at Albertsons Companies (ACI), was granted a total of 94,686 restricted stock units (RSUs) on April 16, 2026. The grants break down to 47,343 time‑based RSUs (TBRSUs) and 47,343 performance‑based RSU targets (PBRSUs), reported as three PBRSU awards of 15,781 each. Prices are listed as N/A because these are equity awards (not open‑market purchases or sales). Each RSU represents the right to one share of Class A common stock upon vesting.
Key Details
- Transaction date: April 16, 2026; Form 4 filed April 20, 2026 (filing date shown in record).
- Award amounts: 47,343 TBRSUs; 47,343 PBRSUs (target), total 94,686 RSUs.
- Price: N/A (awarded equity, not a purchase/sale).
- Vesting / conditions:
- TBRSUs vest in three equal installments on Feb 27, 2027; Feb 26, 2028; and Feb 24, 2029, subject to continued employment.
- PBRSUs vest on Feb 24, 2029, contingent on achievement of performance goals for fiscal years 2026–2028 and Compensation Committee certification; reported PBRSUs are the target amount and actual shares earned will depend on performance.
- Each RSU converts to one share upon vesting.
- Shares owned after the transaction: not provided in the supplied filing details.
- No 10b5-1 plan, tax‑withholding, or gift codes reported in the provided data.
Context
These entries are compensation awards (time‑ and performance‑based RSUs), common for senior executives, and do not represent open‑market buying or selling. Time‑based RSUs provide retention incentive via scheduled vesting; performance RSUs tie potential payout to company performance over the stated period. Because PBRSUs are reported at target, the eventual number of shares delivered could be higher or lower depending on achievement of the performance goals.
Insider Transaction Report
- Award
Time-based Restricted Stock Units
[F1]2026-04-16+47,343→ 47,343 total→ Class A common stock par value $0.01 (47,343 underlying) - Award
Performance-Based Restricted Stock Units
[F2]2026-04-16+15,781→ 15,781 total→ Class A common stock par value $0.01 (15,781 underlying) - Award
Performance-Based Restricted Stock Units
[F2]2026-04-16+15,781→ 15,781 total→ Class A common stock par value $0.01 (15,781 underlying) - Award
Performance-Based Restricted Stock Units
[F2]2026-04-16+15,781→ 15,781 total→ Class A common stock par value $0.01 (15,781 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.