A substantial insider move unfolded on March 18, as Massa, Senior Vice President at Kroger (NYSE:KR), reported the acquisition of stock options for 40,864 shares in an SEC filing.
What Happened: Massa, Senior Vice President at Kroger, engaged in a derivative transaction according to a Form 4 filing on Monday with the U.S. Securities and Exchange Commission. This involved the acquisition of stock options for 40,864 shares of KR, providing the right to purchase the company's stock at an exercise price of $55.51 per share.
The Monday morning market activity shows Kroger shares down by 0.57%, trading at $55.74. This implies a total value of $9,398 for Massa's 40,864 shares.
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 offered to ...