Kroger (NYSE: KR) SVP gets equity awards and withholds shares for taxes
Rhea-AI Filing Summary
Kroger Co. Senior Vice President Victor Remon Smith reported routine equity compensation and related tax withholding transactions. On March 12, he received 19,014 non-qualified stock options with an exercise price of $74.96 per share, expiring on March 12, 2036, plus common stock awards of 2,451 and 9,406 shares granted under Kroger’s long-term incentive plans. The footnotes state these awards vest in three equal annual installments.
To cover tax liabilities associated with these awards, Smith disposed of 725 shares at $74.96 on March 12 and 574 shares at $75.60 on March 13, both described as payments of tax liability rather than market sales. Following these transactions, he directly owns 31,683 shares of Kroger common stock, and holds the newly granted options in addition to those shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 574 | $75.60 | $43K |
| Grant/Award | Non-Qualified Stock Option | 19,014 | $0.00 | -- |
| Grant/Award | Common Stock | 2,451 | $0.00 | -- |
| Tax Withholding | Common Stock | 725 | $74.96 | $54K |
| Grant/Award | Common Stock | 9,406 | $0.00 | -- |
Footnotes (1)
- Shares awarded pursuant to a long-term incentive plan of The Kroger Co. Payment of tax liability associated with share award. Restricted stock awarded pursuant to a long-term incentive plan of The Kroger Co. The restrictions on these shares lapse in equal annual installments over a three-year period, at the rate of 33% per year commencing one year from the date of the award. Payment of tax liability associated with restricted stock. The total amount of securities directly owned by the reporting person includes shares in the Company's employee benefit plans that are deemed to be "tax-conditioned plans" pursuant to Rule 16b-3, to the extent disclosed on reports received from plan trustees. These options were granted under a long-term incentive plan of The Kroger Co. and vest in equal annual installments over a three-year period at the rate of 33% per year commencing one year after the date of the grant.