Form 4: Kroger Director Ronald Sargent Reports Acquisition of Phantom Stock

Director Ronald Sargent reports acquiring phantom stock in Kroger Co. through a long-term incentive plan.

Summary

• Ronald Sargent, a director of Kroger Co., filed a Form 4 with the SEC.
• The filing reports the acquisition of 3,810 phantom stock shares on July 15, 2024, through a long-term incentive plan.
• Each phantom share represents the right to receive one common share upon distribution from the deferred compensation account following termination of services as an Independent Director.
• Following the transaction, Sargent directly owns 124,911 shares of common stock and 65,803.45 phantom stock shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates