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KROGER CO·4

Mar 16, 1:01 PM ET

Smith Victor Remon 4

Research Summary

AI-generated summary

Updated

Kroger SVP Victor Smith Receives Awards; Shares Withheld for Taxes

What Happened

  • Victor Remon Smith, Senior Vice President of Kroger Co. (KR), received multiple long-term incentive awards on March 12, 2026 totaling 30,871 shares (2,451 + 9,406 + 19,014) at $0 per share (award grants).
  • To cover associated tax liabilities, 725 shares were withheld on March 12 at $74.96 each (proceeds $54,346) and 574 shares were withheld on March 13 at $75.60 each (proceeds $43,394), for a total tax withholding of about $97,740. The withholdings are reported as dispositions (code F).

Key Details

  • Transaction dates and prices:
    • 2026-03-12: Award of 2,451 shares and 9,406 shares (price $0; LTIP awards).
    • 2026-03-12: 725 shares withheld at $74.96 (tax payment) — $54,346.
    • 2026-03-12: Award of 19,014 derivative shares (price $0).
    • 2026-03-13: 574 shares withheld at $75.60 (tax payment) — $43,394.
  • Total awarded (acquired) shares: 30,871. Total shares withheld for taxes (disposed): 1,299; total withholding value ≈ $97,740.
  • Shares owned after the reported transactions: not specified in the provided filing excerpt.
  • Notable footnotes from the filing:
    • F1/F3/F6: Awards granted under Kroger’s long-term incentive plans — some are restricted stock that vest 33% per year over three years; some are options that vest 33% per year over three years.
    • F2/F4: The reported dispositions reflect payment of the tax liability associated with the awards (share withholding).
    • F5: Reported direct ownership figures (not shown here) include shares in employee benefit plans as defined under Rule 16b-3.
  • Filing timeliness: Form 4 filed 2026-03-16 for transactions on 2026-03-12 and 2026-03-13 — filing appears timely.

Context

  • These transactions are award grants (not open-market purchases) and routine tax-withholding dispositions. Withholdings (code F) are commonly used to satisfy tax liabilities when restricted stock or other equity awards vest; they do not necessarily indicate a voluntary sale of shares by the insider.
  • One award line is marked as a derivative (likely option or equity-based unit); vesting schedules in the footnotes show multi-year vesting rather than immediate free trading.