Form 4: Elaine L. Chao Reports Changes in Beneficial Ownership of Kroger Co. Stock

Director Elaine L. Chao reports acquisition of phantom stock units and updates to her beneficial ownership of Kroger Co. common stock.

Summary

• On June 28, 2024, Elaine L. Chao, a director of Kroger Co., reported changes in her beneficial ownership of the company's stock.
• She acquired 491.0213 phantom stock units through deferred compensation.
• These phantom stock units are payable in cash following the termination of her services as an Independent Director.
• The price of the derivative security was $53.46.
• Following the transaction, Chao beneficially owns 3,174.7026 derivative securities.
• Chao also directly owns 4,083.512 shares of common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it's a standard regulatory filing detailing stock transactions. There's no inherent positive or negative implication.

Positives

• The acquisition of phantom stock units indicates continued alignment of the director's interests with the long-term performance of Kroger Co.

Future Outlook

The phantom stock units will be payable in cash following the termination of Chao's services as an Independent Director of The Kroger Co.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it primarily reflects changes in the director's compensation and ownership structure.

Key Dates