Form 4: Kroger Director Mark S. Sutton Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Mark S. Sutton reports acquisition of phantom stock through dividend reinvestment in Kroger's deferred compensation plan.
Summary
- On September 3, 2024, Mark S. Sutton, a director of Kroger Co., reported changes in beneficial ownership of Kroger stock.
- Sutton acquired 42.426 phantom shares of common stock through dividend reinvestment under a deferred compensation plan.
- The price of the phantom stock was $53.7.
- Following the transaction, Sutton directly owns 39,577 shares of common stock and 7,161.978 phantom shares.
- The phantom stock represents the right to receive one common share upon distribution from the deferred compensation account, which will occur following termination of Sutton's services as an Independent Director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock ownership changes, with no inherent positive or negative sentiment.
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 related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock ownership of a company director.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of the transaction (acquisition of phantom stock). |
| 09/04/2024 | Date of the report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.