KR - Insider Decision: Mary Ellen Adcock Exercises Options At Kroger For $2.59M | Benzinga
Disclosed in a recent SEC filing on April 24, Adcock, Senior Vice President at Kroger (NYSE:KR), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Wednesday with the U.S. Securities and Exchange Commission, Adcock, Senior Vice President at Kroger, executed a strategic derivative sale. This involved exercising stock options for 82,806 shares of KR, resulting in a transaction value of $2,594,517.
The Thursday morning market activity shows Kroger shares down by 0.12%, trading at $56.08. This implies a total value of $2,594,517 for Adcock's 82,806 shares.
About Kroger
Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company touts its ingrained position across US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.
Understanding the Numbers: Kroger's Finances
Revenue Growth: ...