Form 4: Elaine L. Chao Reports Acquisition of Phantom Stock in Kroger Co.
SEC Filing
Director Elaine L. Chao reports acquiring phantom stock units in Kroger Co. through a deferred compensation plan.
Summary
- On March 31, 2024, Elaine L. Chao, a director of Kroger Co., reported a transaction involving phantom stock.
- Chao acquired 507.7369 units of phantom stock through a deferred compensation plan.
- Each phantom share represents the right to receive the cash value of one share of Kroger's common stock upon distribution from the deferred compensation account following termination of service as an Independent Director.
- The price of the derivative security was $51.7.
- Following the transaction, Chao beneficially owns 2,683.6813 derivative securities.
- Chao also directly owns 4,083.512 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction involving phantom stock acquisition. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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