Form 4: Kroger Director Ronald Sargent Acquires Phantom Stock Through Dividend Reinvestment

Kroger director Ronald Sargent acquired 352.162 phantom shares through dividend reinvestment in a deferred compensation plan.

Summary

• Ronald Sargent, a director at Kroger Co., acquired 352.162 phantom shares of common stock on December 2, 2024.
• These shares were 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.
• Following this transaction, Mr. Sargent beneficially owns 66,547.737 phantom shares.
• The price of the phantom stock was $60.15 per share.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is neither particularly positive nor negative. It is a standard practice and does not indicate any significant change in the company's outlook.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates continued participation in the company's long-term incentive plans by a director.

Future Outlook

The phantom shares will be distributed following the termination of Mr. Sargent's services as an Independent Director of The Kroger Co.

Industry Context

This is a routine filing related to insider transactions and is common for directors of publicly traded companies who participate in deferred compensation plans.

Comparison to Industry Standards

• Many publicly traded companies use phantom stock or similar instruments as part of their executive compensation packages.
• Dividend reinvestment within deferred compensation plans is a common practice for directors and executives.
• The reporting of these transactions via SEC Form 4 is standard procedure.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is related to director compensation.

Key Dates

Keywords

Kroger, phantom stock, dividend reinvestment, deferred compensation, insider trading, Form 4, director, Ronald Sargent