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KROGER CO·4

Mar 16, 12:59 PM ET

Shaffer Megan N. 4

Research Summary

AI-generated summary

Updated

Kroger (KR) Group VP Megan Shaffer Receives Awards, Withholds Shares

What Happened

  • Megan N. Shaffer, Group Vice President of Kroger Co. (KR), was granted equity awards and options and had shares withheld to cover related tax liabilities. On 2026-03-12 she was awarded 1,157 shares and 3,002 restricted shares (total 4,159 shares) and was also granted 6,791 derivative awards (options). To satisfy tax withholding, 529 shares were disposed on 2026-03-12 at $74.96 each ($39,654) and 1,112 shares were disposed on 2026-03-13 at $75.60 each ($84,067), for combined proceeds of about $123,721. The awards were granted at no purchase price (reported $0.00).

Key Details

  • Transaction dates and prices:
    • 2026-03-12: Award of 1,157 shares @ $0.00; 529 shares withheld @ $74.96 (proceeds $39,654).
    • 2026-03-12: Award of 3,002 restricted shares @ $0.00.
    • 2026-03-12: Grant of 6,791 derivative awards (options) @ $0.00.
    • 2026-03-13: 1,112 shares withheld @ $75.60 (proceeds $84,067).
  • Total withheld shares for taxes: 529 + 1,112 = 1,641 shares; total proceeds ≈ $123,721.
  • Shares owned after the transactions: not specified in the provided filing excerpt.
  • Footnotes of note:
    • Awards granted under Kroger’s long-term incentive plan.
    • Restricted stock vests in equal annual installments (33% per year) over three years.
    • Options vest 33% per year over three years beginning one year after grant.
    • The disposals (code F) represent shares withheld to pay tax liability on awards (routine tax withholding), not open-market sales.
  • Filing timeliness: Report filed 2026-03-16 for transactions on 2026-03-12–03-13; filing appears timely (within required two business days).

Context

  • These transactions reflect compensation-related equity awards and routine tax-withholding (shares withheld) rather than an open-market investment decision. The derivative grants are stock options (vesting over three years); restricted stock awards vest over three years. Withheld-share dispositions to cover taxes are common and should not be interpreted alone as a bullish or bearish personal trading signal.