Form 4: Kroger Co. Director Elaine L. Chao Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Elaine L. Chao reports acquiring additional phantom stock in Kroger Co. through dividend reinvestment.
Summary
- On March 1, 2024, Elaine L. Chao, a director of Kroger Co., acquired 48.99 phantom shares of common stock through dividend reinvestment under a deferred compensation plan.
- These phantom shares represent the right to receive one common share upon distribution from the deferred compensation account following termination of her services as an Independent Director.
- Following this transaction, Ms. Chao directly owns 8,353.689 derivative securities and 4,083.512 shares of common stock.
- The price of the derivative security was $49.16.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating stability and adherence to established plans. It is neither overwhelmingly positive nor negative.
Future Outlook
Shares of phantom stock will be distributed following termination of the reporting person's services as an Independent Director of The Kroger Co.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it involves phantom stock and deferred compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Elaine L. Chao acquired phantom stock. |
| 03/04/2024 | Date of report signature. |
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