Form 4: Kroger Director Anne Gates Reports Acquisition of Phantom Stock Through Dividend Reinvestment

Anne Gates, a director at Kroger Co., reported acquiring phantom stock through dividend reinvestment in a deferred compensation plan.

Summary

• On March 3, 2025, Anne Gates, a director of Kroger Co., acquired 106.038 phantom shares of Kroger common stock.
• The acquisition was made through dividend reinvestment transactions under a deferred compensation plan.
• Each phantom share represents the right to receive one common share upon distribution from the deferred compensation account following termination of her services as an Independent Director.
• The price of the derivative security was $62.89.
• Following the transaction, Gates beneficially owns 20,945.693 derivative securities.
• Gates also directly owns 31,025 shares of Kroger common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The acquisition of phantom stock through dividend reinvestment is a routine transaction and indicates confidence in the company's performance.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates confidence in the company's future performance.

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

Directors often receive stock-based compensation as part of their overall remuneration, aligning their interests with those of shareholders. Dividend reinvestment plans are a common way to increase holdings over time.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves internal compensation arrangements.

Key Dates