B&G Foods (NYSE: BGS) CFO gets 57,253 restricted shares; 9,849 withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
B&G Foods EVP of Finance & CFO Bruce C. Wacha received a grant of 57,253 shares of restricted common stock on March 25, 2026, at no cash cost to him, as part of the company’s 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, 9,849 shares of common stock were withheld by B&G Foods to cover tax obligations tied to the vesting of 28,756 previously granted restricted shares. After these compensation-related transactions, Wacha directly owns 204,973 shares of B&G Foods common stock, making the activity primarily administrative rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wacha Bruce C
Role
EVP OF FINANCE & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57,253 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,849 | $5.11 | $50K |
Holdings After Transaction:
Common Stock — 214,822 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 28,756 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) CFO Bruce Wacha receive in this Form 4 filing?
Bruce Wacha received a grant of 57,253 shares of restricted common stock as equity compensation. The award was issued under B&G Foods’ Omnibus Incentive Compensation Plan and carries no purchase price, reflecting a stock-based component of his executive pay package.
How do the new restricted stock awards for BGS’s CFO vest over time?
The 57,253 restricted shares granted to the CFO 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, creating a multi-year retention incentive.
What prior awards triggered the tax withholding in B&G Foods’ Form 4?
Tax withholding relates to the vesting of 28,756 restricted shares granted on March 24, 2023, March 25, 2024 and March 25, 2025. One-third of the total from these prior awards vested on March 25, 2026, generating the tax obligation covered in shares.
Are the B&G Foods (BGS) CFO’s Form 4 transactions open-market trades?
No, the transactions reflect equity compensation and tax withholding, not open-market trading. The A-code entry is a grant of restricted stock, while the F-code entry covers shares withheld by the company to satisfy tax obligations on previously granted restricted stock.