Form 4: B&G Foods CEO Keller Reports Stock Award, Tax Withholding
Insider Transaction Report
B&G Foods' President and CEO, Kenneth C. Keller Jr., reported the acquisition of 281,820 shares from performance awards and the disposition of 116,971 shares for tax withholding.
Summary
- Kenneth C. Keller Jr., President & CEO and Director of B&G Foods, Inc. (BGS), reported transactions on March 2, 2026.
- Acquired 281,820 shares of common stock as part of the satisfaction of applicable performance goals under the 2023 to 2025 performance share long-term incentive awards.
- Disposed of 116,971 shares of common stock at a price of $5.18 per share to satisfy tax withholding obligations related to these performance share awards.
- Following these reported transactions, Keller beneficially owns 638,521 shares of B&G Foods common stock.
- The reported beneficial ownership includes 1,978 shares acquired under a dividend reinvestment plan on May 1, 2025; 3,354 shares on July 31, 2025; 3,346 shares on October 28, 2025; and 3,468 shares on January 27, 2026.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing routine executive compensation and tax-related share dispositions, which are standard practice and do not inherently indicate positive or negative company performance.
Positives
- Satisfaction of performance goals for 2023-2025 long-term incentive awards resulted in the acquisition of 281,820 shares of common stock, indicating achievement of company objectives.
- Continued participation in dividend reinvestment plans, adding 12,146 shares between May 2025 and January 2026, suggests ongoing confidence and a long-term holding strategy by the CEO.
Negatives
- 116,971 shares of common stock were disposed of at $5.18 per share to satisfy tax withholding obligations, reducing the direct beneficial ownership.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
StockSavvy.ai notes that insider transactions, particularly those involving performance-based awards and subsequent tax withholdings, are common occurrences for executive compensation across various industries. These transactions provide transparency into executive holdings but typically do not signal a change in strategic direction or operational performance for B&G Foods.
Stakeholder Impact
- Shareholders gain transparency into the CEO's compensation structure and changes in beneficial ownership, which is standard for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Acquisition of 1,978 shares under a dividend reinvestment plan. |
| 07/31/2025 | Acquisition of 3,354 shares under a dividend reinvestment plan. |
| 10/28/2025 | Acquisition of 3,346 shares under a dividend reinvestment plan. |
| 01/27/2026 | Acquisition of 3,468 shares under a dividend reinvestment plan. |
| 03/02/2026 | Date of earliest transaction reported, involving the acquisition of 281,820 shares from performance awards and disposition of 116,971 shares for tax withholding. |
| 03/04/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
B&G Foods, BGS, Kenneth C. Keller, insider transaction, stock award, performance shares, CEO, director, Form 4, tax withholding
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