Albertsons (ACI) CTO has RSUs withheld for FICA at retirement
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
DHANDA ANUJ reported acquisition or exercise transactions in this Form 4 filing.
Albertsons Companies, Inc. reported that Chief Technology & Transformation Officer Anuj Dhanda had performance-based restricted stock units withheld to cover FICA taxes associated with his eligibility for normal retirement. Two grants were affected: 988 units and 917 units, each referenced to a price of $18.10 per share. The withheld units came from larger performance-based awards granted in March 2023 and April 2024, which are scheduled to vest on February 27, 2026 and February 25, 2027, respectively. These are compensation-related, non–open-market transactions and do not represent discretionary share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,905 shares exercised/converted
Mixed
2 txns
Insider
DHANDA ANUJ
Role
Chief Tech &Transformation Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-Based Restricted Stock Units | 917 | $18.10 | $17K |
| Exercise | Performance-Based Restricted Stock Units | 988 | $18.10 | $18K |
Holdings After Transaction:
Performance-Based Restricted Stock Units — 19,432 shares (Direct, null)
Footnotes (1)
- Transaction represents the withholding of restricted stock units by the Issuer to satisfy FICA taxes arising from the reporting person being eligible for normal retirement. Performance-based restricted stock units withheld from 20,349, performance-based restricted stock units that were granted on March 20, 2023, and will vest on February 27, 2026. Performance-based restricted stock units withheld from 21,953, performance-based restricted stock units that were granted on April 24, 2024, and will vest on February 25, 2027.
Key Figures
RSUs withheld from 2023 grant: 988 units at $18.10
RSUs withheld from 2024 grant: 917 units at $18.10
Total RSUs affected: 1,905 units
+2 more
5 metrics
RSUs withheld from 2023 grant
988 units at $18.10
Performance-based RSUs withheld to satisfy FICA taxes; grant dated March 20, 2023, vesting February 27, 2026
RSUs withheld from 2024 grant
917 units at $18.10
Performance-based RSUs withheld to satisfy FICA taxes; grant dated April 24, 2024, vesting February 25, 2027
Total RSUs affected
1,905 units
Aggregate performance-based RSUs involved in tax-related withholding transactions reported in this Form 4/A
Larger 2023 RSU grant size
20,349 units
Performance-based RSUs granted March 20, 2023, scheduled to vest on February 27, 2026
Larger 2024 RSU grant size
21,953 units
Performance-based RSUs granted April 24, 2024, scheduled to vest on February 25, 2027
Key Terms
Performance-Based Restricted Stock Units, FICA taxes, normal retirement, vesting
4 terms
Performance-Based Restricted Stock Units financial
"Performance-based restricted stock units withheld from 20,349, performance-based restricted stock units that were granted on March 20, 2023"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
FICA taxes financial
"withholding of restricted stock units by the Issuer to satisfy FICA taxes arising from the reporting person being eligible for normal retirement"
normal retirement financial
"FICA taxes arising from the reporting person being eligible for normal retirement"
vesting financial
"performance-based restricted stock units that were granted on March 20, 2023, and will vest on February 27, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Albertsons (ACI) report for Anuj Dhanda?
Albertsons reported that Chief Technology & Transformation Officer Anuj Dhanda had performance-based restricted stock units withheld to cover FICA taxes. The withholding relates to existing equity awards and is a compensation-driven, non–open-market event rather than a discretionary stock sale or purchase.
How many Albertsons (ACI) performance-based RSUs were involved in this Form 4/A?
The filing shows 988 and 917 performance-based restricted stock units affected, totaling 1,905 units. These units were withheld by the company to satisfy FICA tax obligations tied to Dhanda’s normal retirement eligibility under the company’s equity compensation arrangements.
Which Albertsons (ACI) equity grants were affected by the RSU tax withholding?
The withholding came from two performance-based RSU grants. One grant of 20,349 units was issued on March 20, 2023, and another of 21,953 units on April 24, 2024. Portions of each grant were withheld to satisfy FICA taxes tied to retirement eligibility.
When will the affected Albertsons (ACI) performance-based RSUs vest?
The RSUs referenced in the filing are scheduled to vest on two future dates. Units from the March 20, 2023 grant will vest on February 27, 2026, while units from the April 24, 2024 grant will vest on February 25, 2027, subject to plan terms.
Does this Albertsons (ACI) Form 4/A indicate an open-market stock sale?
No, the Form 4/A indicates withholding of RSUs to satisfy FICA taxes, not an open-market sale. The company retained a portion of Dhanda’s performance-based RSUs for tax purposes as part of standard equity compensation processes linked to normal retirement eligibility.