Village Super Market (NASDAQ: VLGEA) chief receives 33,056 restricted Class A shares
Rhea-AI Filing Summary
SUMAS NICHOLAS JAMES reported acquisition or exercise transactions in this Form 4 filing.
Village Super Market Inc. director and President/Chairman Nicholas James Sumas received a grant of 33,056 shares of Class A Common Stock as restricted stock compensation. The grant price is listed as $0.00 per share, reflecting an award rather than a market purchase.
The restricted shares were issued under the Village Super Market, Inc. 2016 Stock Plan and vest over time, subject to his continued service. One-half of the shares vest on March 16, 2027, one-third on March 14, 2028, and the remaining shares on March 13, 2029. Following this grant, he directly holds 46,229 Class A shares, with an additional 504 shares reported as held indirectly through the Robert Sumas Family LLC.
Positive
- None.
Negative
- None.
Insights
Routine multi‑year restricted stock grant to senior insider; no open‑market buying or selling.
This filing shows Nicholas James Sumas, President/Chairman of Village Super Market Inc., receiving 33,056 restricted Class A shares at a stated price of $0.00 per share. The award comes from the company’s 2016 Stock Plan and represents stock-based compensation, not a cash transaction.
The vesting schedule is extended: half vests on March 16, 2027, one-third on March 14, 2028, and the balance on March 13, 2029, all conditional on continued service. After this award, he holds 46,229 shares directly and 504 shares indirectly via the Robert Sumas Family LLC, indicating a significant continuing equity stake but no immediate market trading activity in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Common Stock | 33,056 | $0.00 | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Shares of restricted stock issued pursuant to the Village Super Market, Inc. 2016 Stock Plan. The shares vest in three installments, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date, as follows: one-half of the shares vest on March 16, 2027; one-third of the shares vest on March 14, 2028; and the remaining shares vest on March 13, 2029. The securities are held directly by the Robert Sumas Family LLC, of which Robert Sumas and the Reporting Person are managers. The Reporting Person, his wife and trusts for their children collectively own a majority interest of the Robert Sumas LLC.
Key Figures
Key Terms
restricted stock financial
2016 Stock Plan financial
vesting financial
indirect ownership financial
Form 4 regulatory
FAQ
What insider equity grant did VLGEA’s Nicholas James Sumas report on this Form 4?