4/A: Kroger Director Anne Gates Corrects Stock Ownership in Amended SEC Filing

Anne Gates, a director at Kroger, filed an amendment to her Form 4 to correct the number of phantom shares reported in a previous filing.

Summary

• Anne Gates, a director of Kroger Co., filed an amended Form 4 with the SEC.
• The amendment corrects a data entry error in the original Form 4 filed on July 16, 2024.
• The error involved the number of phantom shares reported in Table II, Column 7.
• The original filing incorrectly stated 3,180 shares, while the corrected entry is 3,810 shares.
• After the transaction, Gates directly owns 31,025 shares of Kroger common stock.
• She also directly owns 20,606.579 phantom stock incentive shares.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects attention to detail and compliance.

Future Outlook

The phantom stock will be distributed following termination of the reporting person's services as an Independent Director of The Kroger Co.

Management Comments

• This amendment is filed to correct a data entry error that appeared in Table II, Column 7 of the original Form 4 filed on behalf of the reporting person on 7/16/2024 (3,180 shares were reported in error).
• The correct entry at Table II, Column 7 is 3,810 shares.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Comparing Anne Gates' holdings to other Kroger directors or executives would provide a better understanding of her relative stake in the company.
• Analyzing similar Form 4 filings from directors at comparable grocery chains like Albertsons or Walmart could offer insights into industry-standard equity compensation practices.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates