Village Super Market (VLGEA) chief surrenders shares to cover tax liability
Rhea-AI Filing Summary
Village Super Market Inc. director and President/Chairman Nicholas James Sumas reported a tax-related share disposition. On March 17, 2026, 13,299 shares of Class A Common Stock were surrendered at $42.79 per share to cover tax obligations, not as an open-market sale.
Following this transaction, Sumas directly holds 13,173 Class A shares. He also has an indirect interest in 504 Class A shares held by the Robert Sumas Family LLC, in which he, his wife and related trusts collectively own a majority interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,299 shares
Net Sell
2 txns
Insider
SUMAS NICHOLAS JAMES
Role
President / Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 13,299 | $42.79 | $569K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 13,173 shares (Direct);
Class A Common Stock — 504 shares (Indirect, See Footnote)
Footnotes (1)
- F1. The securities are held directly by the Robert Sumas Family LLC, of which Robert Sumas and Nicholas Sumas are managers. The Reporting Person, his wife and trusts for their children collectively own a majority interest of the Robert Sumas LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Nicholas James Sumas report in this VLGEA Form 4 filing?
Nicholas James Sumas reported using 13,299 shares of Village Super Market Class A stock to satisfy tax obligations. The transaction is coded as a tax-withholding disposition, not an open-market sale, and reflects equity compensation mechanics rather than a traditional trade.
What does transaction code F mean in the Village Super Market (VLGEA) Form 4?
Transaction code F in this filing indicates payment of a tax liability by delivering securities. Here, 13,299 Class A shares were surrendered at $42.79 per share to satisfy taxes tied to equity compensation, rather than being sold on the open market.