B&G Foods (NYSE: BGS) grants CEO Robert Mills 900,000 options and restricted stock
Rhea-AI Filing Summary
B&G Foods, Inc. reported that President & CEO Robert D. Mills received equity awards in connection with his appointment. He was granted 134,408 shares of restricted common stock, vesting one-third on each of December 31, 2026, 2027 and 2028, bringing his directly held common shares to 234,064. He also received a one-time grant of 900,000 stock options with a $3.40 exercise price, vesting in three equal installments on the same December 31 dates and expiring on August 10, 2036.
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Insider Trade Summary
Net Buyer: 134,408 shares
Net Buy
2 txns
Insider
Mills Robert D
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to Buy) F2, F3 | 900,000 | $0.00 | $0.00 |
| Grant/Award | Common Stock F1 | 134,408 | $0.00 | $0.00 |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 900,000 shares (Direct);
Common Stock — 234,064 shares (Direct)
Footnotes (3)
- F1. Represents a one-time, sign-on grant of restricted stock to the reporting person in connection with his appointment as President and Chief Executive Officer of B&G Foods pursuant to his employment agreement and the B&G Foods, Inc. Omnibus Incentive Compensation Plan. The shares of restricted stock vest one-third on each of December 31, 2026, December 31, 2027 and December 31, 2028.
- F2. Represents a one-time, sign-on grant of stock options to the reporting person in connection with his appointment as President and Chief Executive Officer of B&G Foods pursuant to his employment agreement and the B&G Foods, Inc. Omnibus Incentive Compensation Plan.
- F3. The options vest in three equal installments on December 31, 2026, December 31, 2027 and December 31, 2028.
Key Figures
Restricted stock granted: 134,408 shares
Common shares held after grant: 234,064 shares
Stock options granted: 900,000 options
+3 more
6 metrics
Restricted stock granted
134,408 shares
One-time sign-on restricted stock grant to CEO on August 10, 2026
Common shares held after grant
234,064 shares
CEO’s direct common stock holdings following the restricted stock award
Stock options granted
900,000 options
One-time sign-on stock option grant to CEO on August 10, 2026
Option exercise price
$3.40 per share
Exercise price for 900,000 stock options granted to CEO
Option expiration date
August 10, 2036
Expiration date of the CEO’s 900,000 stock options
Vesting dates
December 31, 2026, 2027, 2028
Three equal vesting installments for both restricted stock and options
Key Terms
restricted stock, stock options, Omnibus Incentive Compensation Plan, vesting
4 terms
restricted stock financial
"Represents a one-time, sign-on grant of restricted stock to the reporting person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
stock options financial
"Represents a one-time, sign-on grant of stock options to the reporting person"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Omnibus Incentive Compensation Plan financial
"pursuant to his employment agreement and the B&G Foods, Inc. Omnibus Incentive Compensation Plan"
An omnibus incentive compensation plan is a single, flexible program that lets a company grant different kinds of pay — such as cash bonuses, stock options, restricted stock, or performance awards — to employees, executives and directors. Investors care because the plan affects how much ownership can be given away (dilution), how much the company spends on pay, and whether executives’ goals are aligned with shareholders, much like a menu that decides what rewards staff can pick and how costly they are.
vesting financial
"The shares of restricted stock vest one-third on each of December 31, 2026"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What equity awards did BGS grant to CEO Robert D. Mills?
B&G Foods granted CEO Robert D. Mills 134,408 restricted shares and 900,000 stock options at a $3.40 exercise price as a one-time sign-on equity package under its Omnibus Incentive Compensation Plan.
How do the restricted stock awards for BGS CEO Robert D. Mills vest?
The 134,408 restricted shares granted to BGS CEO Robert D. Mills vest in three equal installments on December 31, 2026, December 31, 2027 and December 31, 2028, subject to the terms of his employment agreement and the incentive plan.
What are the terms of the 900,000 BGS stock options granted to the CEO?
Robert D. Mills received 900,000 stock options to buy B&G Foods common stock at $3.40 per share. These options vest in three equal tranches on December 31, 2026, December 31, 2027 and December 31, 2028, and expire on August 10, 2036.
Were the BGS CEO equity awards part of a sign-on package?
Yes. Both the 134,408 restricted shares and the 900,000 stock options were disclosed as one-time, sign-on grants to Robert D. Mills in connection with his appointment as President and Chief Executive Officer under his employment agreement and the Omnibus Incentive Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
