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 March 4, 2024, reporting changes in beneficial ownership of Kroger stock.
• The reported transaction occurred on March 1, 2024.
• Sargent acquired 361.541 shares of phantom stock through dividend reinvestment under Kroger's deferred compensation plan.
• These phantom shares represent the right to receive one common share upon distribution from the deferred compensation account following termination of services as an Independent Director.
• The price of the phantom stock was $49.16 per share.
• Following the transaction, Sargent beneficially owns 124,911 shares of common stock directly and 61,648.712 shares of phantom stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects a routine transaction (dividend reinvestment) by a director, indicating continued alignment with the company's performance.

Positives

• The acquisition of phantom stock through dividend reinvestment indicates Sargent's continued investment in Kroger's future.

Future Outlook

Shares of 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 continued investment in the company through a dividend reinvestment program.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock acquired through dividend reinvestment.

Key Dates