Form 4: Kroger Director Ronald Sargent Reports Phantom Stock Acquisition
SEC Form 4 Filing
Director Ronald Sargent reports acquisition of phantom stock in Kroger through deferred compensation.
Summary
- Ronald Sargent, a director of Kroger Co., reported a transaction involving phantom stock.
- On June 28, 2024, Sargent acquired 818.3689 shares of phantom stock through deferred compensation.
- The price of the derivative security was $53.46.
- Following the transaction, Sargent beneficially owns 72,687.5019 derivative securities.
- Sargent also directly owns 124,911 shares of Kroger common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Future Outlook
The phantom stock is payable in cash following termination of the reporting person's services as an Independent Director of The Kroger Co.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 06/28/2024 | Date of phantom stock transaction |
| 07/02/2024 | Date of Form 4 filing |
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