Backus Robert 4

What Happened

• Robert Backus, EVP Retail Operations East at Albertsons (ACI), had 16,002 performance-based restricted stock units convert/exercise on April 21, 2026. The 16,002 shares are reported at $17.90 each (total value $286,436).
• To cover tax obligations, 7,145 shares were withheld (transaction code F), leaving a net delivery of 8,857 shares to Backus. These were conversions/vests of awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-04-21; reported on Form 4 filed 2026-04-23 (timely).
• Conversion/exercise (code M): 16,002 shares @ $17.90; Tax withholding (code F): 7,145 shares.
• Net shares received: 8,857 (16,002 − 7,145).
• Shares owned after transaction: not included in the excerpt provided.
• Footnote: These were performance-based restricted stock units granted March 20, 2023, that vested as adjusted for company performance upon certification by the Compensation Committee (F1).
• No indication this was a sale to generate cash — shares were withheld for taxes (common on vesting).

Context

• This was a vesting/conversion of performance RSUs (a compensation event), not an open-market buy or sell; withholding of shares for taxes is routine and does not by itself signal a buy or sell decision.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = payment of exercise price or tax liability (share withholding).
• For investors watching insider activity, purchases or outright open-market buys are generally more indicative of bullish conviction than routine vesting events like this one.