A substantial insider move unfolded on March 18, as Kimball, Senior Vice President at Kroger (NYSE:KR), reported the acquisition of stock options for 16,346 shares in an SEC filing.
What Happened: Revealed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, Kimball, Senior Vice President at Kroger, strategically acquired stock options for 16,346 shares of KR. These options empower Kimball to buy the company's stock at a favorable exercise price of $55.51 per share.
Kroger shares are trading up 0.16% at $56.15 at the time of this writing on Monday morning. Since the current price is $56.15, this makes Kimball's 16,346 shares worth $10,461.
All You Need to Know About Kroger
Kroger is the leading U.S. grocer, with 2,719 supermarkets operating under several banners throughout the country at the end of fiscal 2022. Around 83% of stores have pharmacies, while nearly 60% also sell fuel. The company also operates roughly 120 fine jewelry stores. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and more than 40% of its grocery own-label assortment) itself in 33 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger's sales come from the United States. Kroger has ...