B&G Foods (BGS) EVP gets 16,170-share performance grant, 6,474 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods EVP Andrew D. Vogel reported equity compensation and related tax withholding transactions involving the company’s common stock. He received a grant of 16,170 shares in connection with meeting performance goals under the 2023–2025 performance share long-term incentive awards. To cover associated tax withholding obligations on this award, 6,474 shares were withheld at a price of $5.18 per share, rather than sold in an open-market transaction. After these transactions, Vogel directly owned 70,679 shares of B&G Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vogel Andrew D
Role
EVP, PRESIDENT OF MEALS
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 16,170 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,474 | $5.18 | $34K |
Holdings After Transaction:
Common Stock — 77,153 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 Andrew D. Vogel?
B&G Foods reported that EVP Andrew D. Vogel received a 16,170-share performance-based stock award and had 6,474 shares withheld to cover taxes. These movements reflect equity compensation and tax withholding, not open-market buying or selling.
What type of equity award did B&G Foods (BGS) grant to Andrew D. Vogel?
B&G Foods granted Andrew D. Vogel common stock in connection with 2023–2025 performance share long-term incentive awards. The 16,170-share grant reflects the gross shares earned after satisfaction of applicable performance goals defined under that incentive program.
Was Andrew D. Vogel’s B&G Foods (BGS) tax withholding done via open-market sale?
No. The filing states that 6,474 shares were withheld to satisfy tax withholding obligations on the performance share award. This indicates an administrative share withholding process, not an open-market sale directed by Vogel.