Form 4: Kroger Director Elaine L. Chao Reports Acquisition of Phantom Stock

Director Elaine L. Chao reports acquiring additional phantom stock in Kroger through dividend reinvestment under a deferred compensation plan.

Summary

• On September 3, 2024, Elaine L. Chao, a director of Kroger Co., acquired 72.762 shares of phantom stock through dividend reinvestment.
• These shares were acquired 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 service as an Independent Director.
• The price of the phantom stock was $53.7.
• Following the transaction, Chao directly owns 4,083.512 shares of common stock and 12,283.164 shares of phantom stock.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through a deferred compensation plan.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock acquired by a director through a deferred compensation plan.

Key Dates