Form 4: Kroger Co. Senior Vice President Valerie L. Jabbar Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Valerie L. Jabbar, Senior Vice President of Kroger Co., reports acquisition and disposal of common stock and stock options related to a long-term incentive plan.
Summary
- On March 14, 2024, Valerie L. Jabbar, Senior Vice President of Kroger Co., reported changes in beneficial ownership.
- She acquired 13,692 shares of common stock and 10,245 shares of common stock at $0, both related to a long-term incentive plan.
- She disposed of 4,575 shares of common stock at $55.51 to cover tax liabilities associated with a share award.
- She was also granted 19,849 non-qualified stock options with an exercise price of $55.51, exercisable starting March 14, 2025, and expiring on March 14, 2034.
- Following these transactions, Jabbar beneficially owns 92,696 shares of common stock and 19,849 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transactions are part of a standard executive compensation plan, indicating confidence in the company's future. The disposal of shares for tax purposes is a normal occurrence.
Positives
- The acquisition of shares and stock options indicates a continued alignment of the executive's interests with the company's long-term performance.
Negatives
- The disposal of shares to cover tax liabilities, while common, slightly reduces the executive's direct stake in the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock are common across the retail industry, aligning management incentives with shareholder value.
- Companies like Walmart, Costco, and Target also utilize similar long-term incentive plans for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect changes in executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of the reported transactions: acquisition and disposal of common stock and grant of stock options. |
| 03/14/2024 | Date the non-qualified stock options were granted and become exercisable in installments. |
| 03/18/2024 | Date of signature for the Form 4 filing. |
| 03/14/2034 | Expiration date of the non-qualified stock options. |
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