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

Director Ronald Sargent reports changes in beneficial ownership of Kroger Co. stock, including phantom stock acquired through dividend reinvestment.

Summary

• Ronald Sargent, a director of Kroger Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates that Sargent directly owns 124,911 shares of Kroger common stock.
• He also acquired 344.738 shares of phantom stock through dividend reinvestment in a deferred compensation plan on June 3, 2024.
• Each phantom share represents the right to receive one common share upon distribution from the deferred compensation account following termination of his services as an Independent Director.
• Following the reported transactions, Sargent beneficially owns 61,993.45 derivative securities (phantom stock).

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

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 changes in beneficial ownership by a company director, as required by the SEC. It provides transparency to investors regarding the holdings and transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The details disclosed are similar to those reported by directors and officers of comparable companies like Walmart (WMT) and Costco (COST).

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• It assures stakeholders that insider transactions are being monitored and disclosed as required by regulations.

Key Dates