B&G Foods (NYSE: BGS) EVP granted 34,583 restricted shares; 4,840 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods EVP of Supply Chain Martin C. Schoch received 34,583 shares of restricted common stock as equity compensation. The grant was made under the B&G Foods Omnibus Incentive Compensation Plan and vests in three equal installments on March 25, 2027, March 25, 2028 and March 25, 2029.
On the same date, 4,840 shares were withheld at $5.11 per share to cover tax obligations related to the vesting of 14,130 previously granted restricted shares. After these transactions, Schoch directly holds 64,090 shares of B&G Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Schoch Martin C.
Role
EVP of Supply Chain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 34,583 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,840 | $5.11 | $25K |
Holdings After Transaction:
Common Stock — 68,930 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 14,130 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 did B&G Foods (BGS) EVP Martin C. Schoch receive in this Form 4 filing?
Martin C. Schoch received 34,583 shares of restricted common stock as equity compensation. The award was granted under B&G Foods’ Omnibus Incentive Compensation Plan and represents a non-cash grant that will vest over a multi‑year schedule.
How do the new restricted stock awards for B&G Foods (BGS) EVP vest over time?
The 34,583 restricted shares granted to Martin C. Schoch vest in three equal parts. One‑third vests on March 25, 2027, another third on March 25, 2028, and the final third on March 25, 2029, subject to plan terms.
Is the B&G Foods (BGS) Form 4 for Martin C. Schoch a purchase or a compensation grant?
The Form 4 reflects a compensation grant, not an open‑market purchase. Schoch received 34,583 restricted shares at no cash cost, along with share withholding to cover taxes on earlier restricted stock vesting.