B&G Foods (NYSE: BGS) EVP gets 10,886-share award; 3,729 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods EVP & President of Specialty Ellen M. Schum received a compensation-related award of 10,886 shares of common stock on April 7, 2026. The award corrects an earlier error in shares granted under 2023–2025 performance share long-term incentive awards. To cover related tax obligations, 3,729 shares were withheld at $5.18 per share, leaving Schum with 172,708 directly held shares after the transactions, a net increase in ownership from this incentive adjustment rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schum Ellen M
Role
EVP & PRES OF SPECIALTY
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,886 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,729 | $5.18 | $19K |
Holdings After Transaction:
Common Stock — 176,437 shares (Direct)
Footnotes (1)
- Represents the gross number of additional 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 to correct an error in the number of shares that should have been awarded to the reporting person on March 2, 2026. The actual number of additional 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 additional shares of common stock awarded for the 2023 to 2025 performance share long-term incentive awards.
Key Figures
Share grant: 10,886 shares
Tax withholding shares: 3,729 shares
Withholding price: $5.18 per share
+2 more
5 metrics
Share grant
10,886 shares
Common stock award correcting 2023–2025 performance shares
Tax withholding shares
3,729 shares
Shares withheld to satisfy tax obligations on award
Withholding price
$5.18 per share
Value used for tax-withholding disposition
Post-transaction holdings
172,708 shares
Directly owned common stock after Form 4 transactions
Net shares added
7,157 shares
Grant minus tax-withheld shares from this award adjustment
Key Terms
performance share long-term incentive awards, tax withholding obligations, grant, award, or other acquisition, tax-withholding disposition
4 terms
tax withholding obligations financial
"reduced by the number of shares withheld to satisfy tax withholding obligations"
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did B&G Foods (BGS) report for Ellen M. Schum?
B&G Foods reported that EVP & President of Specialty Ellen M. Schum received a grant of 10,886 shares of common stock tied to 2023–2025 performance share awards. Part of this award was immediately withheld in shares to satisfy related tax obligations.