B&G Foods grants restricted stock to accounting chief
B&G Foods, Inc. reported that VP and Chief Accounting Officer Michael Adasczik received a grant of 14,991 shares of restricted common stock under the company’s Omnibus Incentive Compensation Plan.
Rhea-AI Filing Summary
B&G Foods, Inc. reported that VP and Chief Accounting Officer Michael Adasczik received a grant of 14,991 shares of restricted common stock under the company’s Omnibus Incentive Compensation Plan. These restricted shares vest in three equal installments on March 25, 2027, March 25, 2028 and March 25, 2029.
On the same date, 2,625 shares of common stock were withheld by B&G Foods at $5.11 per share to satisfy tax withholding obligations tied to the vesting of 7,664 previously granted restricted shares. Following these transactions, Adasczik directly holds 49,673 shares of common stock. The tax withholding is a non-market disposition rather than an open-market sale.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,991 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,625 | $5.11 | $13K |
Footnotes (2)
- F1. 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.
- F2. Represents shares of common stock withheld by B&G Foods to satisfy tax withholding obligations upon the vesting on March 25, 2026 of 7,664 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.
FAQ
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What insider stock transactions did BGS VP Michael Adasczik report?
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