Village Super Market (VLGEA) awards 7,346 restricted shares to finance VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Perri Luigi reported acquisition or exercise transactions in this Form 4 filing.
Village Super Market Inc reported that VP of Finance & CAO Luigi Perri received a grant of 7,346 shares of Class A common stock as restricted stock at $0.00 per share under the 2016 Stock Plan. Following this award, he directly holds 19,558 shares.
The restricted shares vest over time if he remains employed, with one-half vesting on March 16, 2027, one-third on March 14, 2028, and the balance on March 13, 2029. This is a compensation-related equity award, not an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Perri Luigi
Role
VP of Finance & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | CLASS A COMMON STOCK | 7,346 | $0.00 | -- |
Holdings After Transaction:
CLASS A COMMON STOCK — 19,558 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 7,346 shares
Grant price: $0.00 per share
Total holdings after grant: 19,558 shares
+3 more
6 metrics
Restricted stock grant
7,346 shares
Class A common stock award to VP of Finance & CAO
Grant price
$0.00 per share
Restricted stock issued under 2016 Stock Plan
Total holdings after grant
19,558 shares
Direct ownership of Class A common stock following award
First vesting tranche
One-half of 7,346 shares
Vests on March 16, 2027, subject to continued employment
Second vesting tranche
One-third of 7,346 shares
Vests on March 14, 2028, subject to continued employment
Final vesting tranche
Remaining shares of 7,346
Vests on March 13, 2029, subject to continued employment
Key Terms
restricted stock, 2016 Stock Plan, vesting, Class A common stock, +1 more
5 terms
restricted stock financial
"Shares of restricted stock issued pursuant to the Village Super Market, Inc. 2016 Stock Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2016 Stock Plan financial
"issued pursuant to the Village Super Market, Inc. 2016 Stock Plan."
vesting financial
"The shares vest in three installments, subject to the Reporting Person's continued employment with the Issuer through each applicable vesting date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class A common stock financial
"security_title: CLASS A COMMON STOCK"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did VLGEA report for Luigi Perri?
Village Super Market Inc reported that VP of Finance & CAO Luigi Perri received a grant of 7,346 shares of Class A common stock as restricted stock. The award was issued at $0.00 per share as part of his equity compensation under the 2016 Stock Plan.
Is the VLGEA Form 4 transaction an open-market purchase or a stock award?
The Form 4 transaction is a stock award, not an open-market purchase. Luigi Perri acquired 7,346 restricted shares at $0.00 per share as compensation granted under Village Super Market Inc’s 2016 Stock Plan, subject to a multi-year vesting schedule tied to continued employment.