SUNBURY, Pa., June 6, 2025 - Weis Markets, Inc. has announced a new shareholder agreement following its purchase of 2,153,846 shares of its common stock from The Patricia R. Weis Marital Trust and The Patricia G. Ross Weis Revocable Trust. The transaction, valued at $140 million or approximately $65 per share, was arranged to help the sellers, affiliated with CEO Jonathan H. Weis and the Weis family, address estate tax obligations. Despite the sale, the Weis family retains ownership of about 61% of the company's stock. The agreement was approved by Weis Markets' Board of Directors, excluding Jonathan H. Weis, and involved a special committee of independent directors. The purchase price represents a notable discount to recent trading prices, with the transaction funded through cash and marketable securities.
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