Form 4: Kroger Director Mark S. Sutton Reports Acquisition of Phantom Stock

Director Mark S. Sutton reports acquiring phantom stock through dividend reinvestment in Kroger's deferred compensation plan.

Summary

• On June 3, 2024, Mark S. Sutton, a director of Kroger Co., reported a transaction involving derivative securities.
• Sutton acquired phantom stock through dividend reinvestment transactions under a deferred compensation plan.
• The transaction resulted in the acquisition of 39.591 phantom shares at a price of $51.86, totaling a value of $7,119.552.
• Following the reported transaction, Sutton beneficially owns 7,119.552 derivative securities.
• Sutton also directly owns 35,767 shares of Kroger common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through a standard compensation mechanism.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates confidence in Kroger'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

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activities of directors and officers.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates