Form 4: Kroger Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Timothy A. Massa, a Senior Vice President at Kroger, disposed of 6,634 shares of common stock on March 8, 2024, to cover tax liabilities associated with restricted stock.
Summary
- On March 8, 2024, Timothy A. Massa, a Senior Vice President at Kroger Co., disposed of 6,634 shares of Kroger's common stock.
- The transaction was executed to cover tax liabilities associated with restricted stock.
- The shares were sold at a price of $55.97 per share.
- Following the transaction, Massa directly owns 188,322 shares of Kroger common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
Form 4 filings are a routine part of the US stock market, and are required by the SEC when company insiders trade their own company's stock. This filing indicates that a Kroger executive sold shares to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Timothy A. Massa disposed of 6,634 shares of common stock. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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