B&G Foods (BGS) HR chief gets stock grant, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods EVP of Human Resources & CHRO Eric H. Hart reported routine equity compensation activity. He received a grant of 39,117 shares of restricted common stock under the 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, 6,846 shares of common stock were withheld by B&G Foods at $5.11 per share to cover tax obligations when 19,988 previously granted restricted shares vested. After these transactions, Hart directly owns 166,228 shares of B&G Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hart Eric H
Role
EVP OF HUMAN RESOURCES & CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 39,117 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,846 | $5.11 | $35K |
Holdings After Transaction:
Common Stock — 173,074 shares (Direct)
Footnotes (1)
- 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. Represents shares of common stock withheld by B&G Foods to satisfy tax withholding obligations upon the vesting on March 25, 2026 of 19,988 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
What insider stock transactions did B&G Foods (BGS) report for Eric H. Hart?
B&G Foods reported that Eric H. Hart received 39,117 restricted shares of common stock as a compensation grant, and 6,846 shares were withheld to cover tax obligations upon vesting of earlier restricted stock awards.
What are the vesting terms of Eric H. Hart’s new B&G Foods restricted stock grant?
The 39,117 restricted shares granted to Eric H. Hart vest in three equal installments. One-third vests on March 25, 2027, another third on March 25, 2028, and the final third on March 25, 2029, under the Omnibus Incentive Compensation Plan.
Is Eric H. Hart’s transaction in B&G Foods (BGS) an open-market buy or sell?
The filing shows no open-market buy or sell. It reports a grant of 39,117 restricted shares as compensation and a tax-withholding disposition of 6,846 shares, where the company withheld shares to cover taxes on vesting restricted stock.
What role does Eric H. Hart hold at B&G Foods (BGS) in this Form 4?
Eric H. Hart is identified as Executive Vice President of Human Resources and Chief Human Resources Officer. The Form 4 details his equity compensation grant and related tax-withholding share disposition under the B&G Foods Omnibus Incentive Compensation Plan.