B&G Foods (NYSE: BGS) CEO granted restricted stock as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods, Inc. President & CEO Kenneth C. Keller reported compensation-related stock movements. He received a grant of 311,351 shares of restricted common stock under the Omnibus Incentive Compensation Plan, which will vest in three equal installments on March 25, 2027, 2028 and 2029. On the same date, 80,929 shares of common stock were withheld by B&G Foods to cover tax obligations tied to the vesting of 164,321 previously granted restricted shares. After these transactions, Keller directly holds 868,943 shares of common stock. These events reflect equity compensation and tax withholding rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Keller Kenneth C Jr
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 311,351 | $0.00 | -- |
| Tax Withholding | Common Stock | 80,929 | $5.11 | $414K |
Holdings After Transaction:
Common Stock — 949,872 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 164,321 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 BGS CEO Kenneth C. Keller report?
Kenneth C. Keller reported a grant of 311,351 restricted shares and a tax withholding of 80,929 shares. The withholding covered taxes on 164,321 vested restricted shares from earlier awards under B&G Foods’ Omnibus Incentive Compensation Plan.
Is Kenneth C. Keller’s Form 4 for BGS an open-market stock purchase or sale?
The Form 4 does not show any open-market buys or sells. It reports a restricted stock grant and shares withheld by B&G Foods to satisfy tax obligations upon vesting of prior restricted stock awards.