Form 4: Kroger Executive Todd Foley Reports Stock Disposal for Tax Obligations
SEC Filing
Senior VP & Interim CFO of Kroger, Todd Foley, reports disposing of 435 shares of common stock to cover tax liabilities associated with restricted stock.
Summary
- Todd Foley, Senior VP & Interim CFO of Kroger, filed a Form 4 with the SEC.
- The form reports a transaction on September 13, 2024, where 435 shares of Kroger's common stock were disposed of.
- The disposal was to cover tax liability associated with restricted stock.
- The price per share was $55.91.
- Following the transaction, Foley beneficially owns 46,523 shares of Kroger common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and stock ownership.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it's a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of stock disposal transaction. |
| 09/16/2024 | Date of signature on the Form 4 filing. |
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