Village Super Market (VLGEA) chief surrenders shares to cover tax liability
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
SUMAS NICHOLAS JAMES
Role
President / Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | 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)
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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.