In a recent SEC filing, it was disclosed that Christine S Wheatley, Senior Vice President at Kroger (NYSE:KR), made a noteworthy acquisition of company stock options on March 18,.
What Happened: Disclosed in a Form 4 filing on Monday with the U.S. Securities and Exchange Commission, Wheatley, Senior Vice President at Kroger, made a strategic derivative acquisition. This involved acquiring stock options for 19,849 shares of KR, providing the right to buy the company's stock at an exercise price of $55.51 per share.
As of Monday morning, Kroger shares are up by 0.16%, with a current price of $56.15. This implies that Wheatley's 19,849 shares have a value of $12,703.
Unveiling the Story Behind 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 offered to ...