Form 4: Kroger CEO W. Rodney McMullen Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
Kroger's CEO, W. Rodney McMullen, reports disposition of shares to cover tax liabilities related to restricted stock.
Summary
- On March 8, 2024, W. Rodney McMullen, Chairman of the Board and CEO of Kroger Co., disposed of 26,640 shares of common stock to cover tax liabilities associated with restricted stock.
- The transaction was executed at a price of $55.97 per share.
- Following the transaction, McMullen directly owns 3,626,410.6585 shares of Kroger common stock, which includes shares acquired through the company's employee benefit plans between April 1, 2023, and December 31, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for corporate executives. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2023-04-01 | Start date of the period during which the reporting person acquired shares of Kroger common stock in the Company's employee benefit plans. |
| 2023-12-31 | End date of the period during which the reporting person acquired shares of Kroger common stock in the Company's employee benefit plans. |
| 2024-03-08 | Date of the transaction where the reporting person disposed of shares to cover tax liability. |
| 2024-03-11 | Date of the signature on the Form 4 filing. |
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