Executive at B&G Foods (NYSE: BGS) receives stock award, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods EVP & General Counsel Scott E. Lerner reported stock-based compensation activity involving the company’s common stock. On the satisfaction of performance goals for his 2023–2025 performance share long-term incentive awards, he received a grant of 45,972 shares at no cost.
To cover related tax withholding obligations, 16,618 shares were withheld at a price of $5.18 per share, which is recorded as a tax-withholding disposition rather than an open-market sale. After these transactions, Lerner directly owned 263,366 shares of B&G Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lerner Scott E
Role
EVP & GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,972 | $0.00 | -- |
| Tax Withholding | Common Stock | 16,618 | $5.18 | $86K |
Holdings After Transaction:
Common Stock — 279,984 shares (Direct)
Footnotes (1)
- Represents the gross number of shares of common stock awarded to the reporting person in connection with the satisfaction of applicable performance goals under the 2023 to 2025 performance share long-term incentive awards. The actual number of shares issued was reduced by the number of shares withheld to satisfy tax withholding obligations. See footnote 2. Represents shares of common stock withheld to satisfy tax withholding obligations relating to the 2023 to 2025 performance share long-term incentive awards.
FAQ
What insider transactions did B&G Foods (BGS) report for Scott E. Lerner?
B&G Foods reported that EVP & General Counsel Scott E. Lerner received 45,972 shares of common stock as a performance-based award, and 16,618 of those shares were withheld to satisfy tax obligations. These movements were recorded as an acquisition and a tax-withholding disposition.