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

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

Summary

• Elaine L. Chao, a director of Kroger Co., filed a Form 4 on June 4, 2024, reporting a transaction on June 3, 2024.
• The transaction involved the acquisition of 46.713 phantom stock units through dividend reinvestment 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 derivative security was $51.86.
• Following the transaction, Chao beneficially owns 8,400.402 derivative securities.
• Chao also directly owns 4,083.512 shares of Kroger common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction indicating continued investment by a director, but it doesn't represent a major event.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates Chao's continued investment in Kroger's future.

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

Form 4 filings are routine disclosures required by the SEC to ensure transparency in insider trading activities. 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, primarily providing transparency regarding director compensation.

Key Dates