Form 4: Kroger Senior Vice President Valerie L. Jabbar Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Valerie L. Jabbar, Senior Vice President of Kroger Co., disposed of 612 shares of common stock on September 13, 2024, to cover tax liabilities associated with restricted stock.
Summary
- On September 13, 2024, Valerie L. Jabbar, a Senior Vice President at Kroger Co., disposed of 612 shares of Kroger's common stock.
- The transaction was executed at a price of $55.91 per share.
- The disposal was to cover tax liabilities related to restricted stock.
- Following the transaction, Ms. Jabbar directly owns 77,084 shares of Kroger common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports a routine transaction to cover tax obligations.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential insider trading activity and assess management's confidence in the company's prospects.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes and does not indicate a change in the executive's long-term outlook on the company.
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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