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

Mark S. Sutton, a director of Kroger Co., reported the acquisition of phantom stock units through dividend reinvestment in a deferred compensation plan.

Summary

• On March 1, 2024, Mark S. Sutton, a director at Kroger Co., acquired phantom stock through dividend reinvestment.
• The transaction involved the acquisition of 41.521 phantom stock units at a price of $49.16 per share, resulting in a total of 7,079.961 phantom stock units beneficially owned.
• These phantom stock units represent the right to receive one common share upon distribution from the deferred compensation account following the termination of Sutton's services as an Independent Director.
• Sutton also directly owns 35,767 shares of Kroger common stock.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The phantom stock will be distributed following termination of the reporting person's services as an Independent Director of The Kroger Co.

Industry Context

This filing is a routine disclosure of stock ownership changes by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings of key personnel.

Key Dates