Form 4: Kroger Director Mark S. Sutton Acquires Phantom Stock Through Dividend Reinvestment

Kroger director Mark S. Sutton acquired phantom stock through dividend reinvestment in a deferred compensation plan.

Summary

• Mark S. Sutton, a director at Kroger Co., acquired 38.102 phantom shares of common stock on December 2, 2024.
• The phantom stock was acquired through dividend reinvestment within a deferred compensation plan.
• Each phantom share represents the right to receive one common share upon distribution from the deferred compensation account.
• The price of the underlying common stock at the time of the transaction was $60.15.
• Mr. Sutton now holds 7,200.08 phantom shares directly.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The director's continued investment in the company is a positive sign.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates a continued investment in the company by a director.
• The director's participation in the deferred compensation plan aligns his interests with those of long-term shareholders.

Industry Context

This is a routine filing related to director compensation and is typical for publicly traded companies.

Comparison to Industry Standards

• Many publicly traded companies offer deferred compensation plans to directors and executives.
• Dividend reinvestment within these plans is a common practice.
• The use of phantom stock is a standard method for aligning director interests with shareholder value.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows a director's continued investment in the company.

Key Dates

Keywords

Kroger, Director, Phantom Stock, Dividend Reinvestment, Deferred Compensation, Form 4, SEC Filing