B&G Foods (NYSE: BGS) EVP granted 42,518 restricted shares, 7,535 withheld for taxes
Rhea-AI Filing Summary
B&G Foods, Inc. executive Ellen M. Schum received a grant of 42,518 shares of restricted common stock as equity compensation. According to the plan terms, these restricted shares vest in three equal installments on March 25, 2027, March 25, 2028, and March 25, 2029. On the same date, 7,535 shares of common stock were withheld by B&G Foods to cover tax obligations arising from the vesting of 22,000 previously granted restricted shares. After these compensation and tax-withholding transactions, Schum directly holds 165,551 shares of B&G Foods common stock. These events reflect routine stock-based compensation and related tax withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insights
Routine equity grant and tax withholding with no open-market trading.
Ellen M. Schum, EVP & President of Specialty at B&G Foods, received 42,518 restricted shares at no cost under the company’s Omnibus Incentive Compensation Plan. The award vests in three equal tranches on March 25, 2027, March 25, 2028, and March 25, 2029.
Separately, 7,535 shares were withheld at $5.11 per share to satisfy tax obligations from the vesting of 22,000 restricted shares granted in prior years. This F-code disposition is a non-market, mechanical tax payment method, not an open-market sale.
Following these transactions, Schum directly holds 165,551 common shares. With no open-market purchases or sales and no derivative exercises disclosed, this filing primarily documents ongoing compensation and standard tax treatment, which is typically neutral from an investment-sentiment perspective.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42,518 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,535 | $5.11 | $39K |
Footnotes (1)
- Represents shares of restricted stock granted to the reporting person pursuant to the B&G Foods, Inc. Omnibus Incentive Compensation Plan. The shares of restricted stock vest one-third on each of March 25, 2027, March 25, 2028 and March 25, 2029. Represents shares of common stock withheld by B&G Foods to satisfy tax withholding obligations upon the vesting on March 25, 2026 of 22,000 shares of restricted stock, or one-third of the total number of shares of restricted stock, issued to the reporting person on March 24, 2023, March 25, 2024 and March 25, 2025 pursuant to the B&G Foods, Inc. Omnibus Incentive Compensation Plan.