Form 4: Kroger Director Ronald Sargent Reports Changes in Beneficial Ownership

Director Ronald Sargent reports acquisition of phantom stock through dividend reinvestment in Kroger's deferred compensation plan.

Summary

• Ronald Sargent, a director of Kroger Co., filed a Form 4 on September 4, 2024, reporting changes in beneficial ownership.
• The report indicates the acquisition of 392.125 phantom stock shares through dividend reinvestment under Kroger's deferred compensation plan on September 3, 2024.
• 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 reported transaction, Sargent directly owns 124,911 shares of common stock and 66,195.575 phantom stock shares.
• The price of the phantom stock is $53.7 per share.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's participation in a deferred compensation plan, indicating confidence in the company's long-term prospects.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates confidence in Kroger's future performance.

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 routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan, which is a common practice among publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock acquired through a deferred compensation plan.

Key Dates