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Albertsons Companies Inc

For the period ended Feb 22, 2025. Filed Apr 21, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 21, 2025

ACI$12.91+0.9%Stored close · as of Nov 9, 2026

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Item 9B. - Other Information

In the fourth quarter of fiscal 2024, none of the Company's directors or officers adopted orterminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement, as defined in Item 408(a) of Regulation S-K.

In connection with the previously announced appointment of Susan Morris as Chief Executive Officer, on April 21, 2025, the Company entered into an amended employment agreement, dated and effective as of May 1, 2025 (the "Amended Employment Agreement") with Ms. Morris.

Pursuant to the Amended Employment Agreement, on May 1, 2025, Ms. Morris will become entitled to receive:

An annual base salary of $1,400,000;

An annual cash performance bonus targeted at 185% of her base salary; and

An annual equity award grant valued at $11,010,000, subject to increase or decrease as determined by the Company's Board of Directors or Compensation Committee.

The Amended Employment Agreement includes provisions substantially similar to those in Ms. Morris's current employment agreement relating to benefits, retirement entitlements, severance payments and entitlements payable upon the termination of Ms. Morris's employment by the Company without Cause (as defined in the Amended Employment Agreement) or by Ms. Morris for Good Reason (as defined in the Amended Employment Agreement), and provisions relating to the payment of any amounts due to Ms. Morris's death or disability. In addition, the Amended Employment Agreement contains updates to reflect Ms. Morris' CEO title and Board seat, revised restrictive covenant periods and provisions around the personal use of the Company's aircraft.

The foregoing summary of the Amended Employment Agreement is qualified in its entirety by the Amended Employment Agreement, a copy of which is filed herewith as Exhibit 10.19 and incorporated herein by reference.

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