Form 4: Elaine L. Chao Reports Acquisition of Kroger Co. Phantom Stock

Director Elaine L. Chao reports acquisition of phantom stock in Kroger Co. through a long-term incentive plan.

Summary

• Elaine L. Chao, a director of Kroger Co., filed a Form 4 on July 16, 2024, reporting a transaction.
• The transaction involved the acquisition of 3,810 phantom shares of Kroger Co. common stock on July 15, 2024, through a long-term incentive plan.
• These phantom shares represent the right to receive one common share upon distribution from a deferred compensation account following termination of service as an Independent Director.
• Following the reported transaction, Chao beneficially owns 12,210.402 derivative securities and 4,083.512 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and insider confidence, but doesn't contain any groundbreaking news.

Positives

• The acquisition of phantom stock indicates confidence in Kroger Co.'s long-term performance.

Future Outlook

The phantom stock will be distributed following termination of the reporting person's services as an Independent Director of The Kroger Co.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in beneficial ownership by a director of Kroger Co.

Stakeholder Impact

• The acquisition of phantom stock aligns the director's interests with those of the shareholders.

Key Dates