B&G Foods (NYSE: BGS) awards restricted stock to EVP amid tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods, Inc. reported that EVP & General Counsel Scott E. Lerner received a grant of 57,574 shares of restricted common stock at no cost under the company’s Omnibus Incentive Compensation Plan. These restricted shares vest in three equal installments on March 25, 2027, 2028 and 2029.
On the same date, 9,905 common shares were withheld at $5.11 per share to satisfy tax obligations tied to the March 25, 2026 vesting of 28,918 restricted shares from prior awards. After these transactions, Lerner directly holds 311,035 shares of B&G Foods common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lerner Scott E
Role
EVP & GENERAL COUNSEL
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57,574 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,905 | $5.11 | $51K |
Holdings After Transaction:
Common Stock — 320,940 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 28,918 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 & General Counsel receive in this Form 4?
Scott E. Lerner received a grant of 57,574 shares of restricted B&G Foods common stock at no cost. The award was made under the B&G Foods, Inc. Omnibus Incentive Compensation Plan as part of his equity-based compensation package.