Form 4: Kroger CEO W. Rodney McMullen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kroger CEO W. Rodney McMullen reports the disposal of shares to cover tax liabilities associated with restricted stock, resulting in a decrease in his directly held shares.
Summary
- On March 11 and 12, 2024, W. Rodney McMullen, Chairman of the Board and CEO of Kroger Co., disposed of shares of common stock to cover tax liabilities.
- On March 11, 2024, 10,543 shares were disposed of at a price of $54.99.
- On March 12, 2024, 12,076 shares were disposed of at a price of $55.31.
- Following these transactions, McMullen directly owns 3,603,791.6585 shares of Kroger common stock, including shares in employee benefit plans.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices and does not indicate any significant positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the transaction.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Disposal of 10,543 shares of common stock at $54.99 per share. |
| 03/12/2024 | Disposal of 12,076 shares of common stock at $55.31 per share. |
| 03/13/2024 | Date of signature for the Form 4 filing. |
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