Form 4: Kroger Executive Timothy Massa Gifts Shares to Revocable Trust
SEC Form 4 Filing
Senior Vice President Timothy Massa gifted 115,000 shares of Kroger stock to a revocable trust for the benefit of his spouse on June 21, 2024.
Summary
- On June 21, 2024, Timothy A. Massa, a Senior Vice President at Kroger Co., gifted 115,000 shares of Kroger common stock to a revocable trust for the benefit of his spouse.
- The transaction involved both a disposal of 115,000 shares from Mr. Massa's direct ownership and an acquisition of 115,000 shares by the trust.
- Following the transaction, Mr. Massa directly owns 115,861 shares of Kroger common stock and the trust owns 115,000 shares indirectly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing reflects routine transactions by company insiders and is a normal part of corporate governance and regulatory compliance.
Related Party Transactions
- The gift of shares to a revocable trust for the benefit of Timothy Massa's spouse constitutes a related party transaction.
Stakeholder Impact
- This transaction has minimal direct impact on stakeholders, as it is a personal financial decision by an executive.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of stock gift transaction |
| 06/24/2024 | Date of Form 4 filing |
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