Form 4: Kroger Executive Valerie L. Jabbar Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Senior Vice President Valerie L. Jabbar of Kroger Co. reports disposing of 3,752 shares of common stock to cover tax liabilities associated with restricted stock.
Summary
- On March 8, 2024, Valerie L. Jabbar, a Senior Vice President at Kroger Co., disposed of 3,752 shares of Kroger's common stock.
- The transaction was executed to cover the tax liability associated with restricted stock.
- The shares were disposed of at a price of $55.97 per share.
- Following the transaction, Jabbar directly owns 74,925 shares of Kroger common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider stock transactions, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a stock disposal to cover tax obligations, a common practice among executives with equity compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders, as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock disposal transaction. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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