Form 4: Kroger Co. Executive Carin L. Fike Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Carin L. Fike, Vice President and Treasurer of Kroger Co., reported disposing of common stock to cover tax liabilities associated with restricted stock.
Summary
- On March 8, 2024, Carin L. Fike, Vice President and Treasurer of Kroger Co., disposed of 267 shares of common stock at a price of $55.97 to cover tax liabilities.
- Additionally, 234 shares were disposed of at the same price, also for tax obligations, with these shares being indirectly owned by a spouse.
- Following these transactions, Fike directly owns 43,823.3526 shares and indirectly owns 3,922 shares.
- The report also notes that between July 1, 2023, and December 31, 2023, Fike acquired 60.4571 shares through Kroger's employee benefit plans.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions. It reflects standard practice for executives to manage their tax obligations related to stock-based compensation.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are related to tax obligations and involve a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| July 1, 2023 | Start date of the period during which the reporting person acquired shares of Kroger common stock in the Company's employee benefit plans. |
| December 31, 2023 | End date of the period during which the reporting person acquired shares of Kroger common stock in the Company's employee benefit plans. |
| March 8, 2024 | Date of the reported transactions involving the disposal of common stock for tax liabilities. |
| March 11, 2024 | Date of signature for the Form 4 filing. |
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