Form 4: B&G Foods CEO Keller's Stock Grant & Tax Withholding
Insider Transaction Report
B&G Foods CEO Kenneth C. Keller Jr. received a restricted stock grant and had shares withheld for tax obligations.
Summary
- Kenneth C. Keller Jr., President & CEO and Director of B&G Foods, Inc. (BGS), acquired 311,351 shares of common stock as a restricted stock grant on March 25, 2026.
- These restricted shares were granted pursuant to the B&G Foods, Inc. Omnibus Incentive Compensation Plan and will vest one-third on March 25, 2027, March 25, 2028, and March 25, 2029.
- On the same date, March 25, 2026, 80,929 shares of common stock were disposed of at a price of $5.11 per share to satisfy tax withholding obligations.
- This disposition was due to the vesting of 164,321 shares of restricted stock (one-third of grants from March 24, 2023, March 25, 2024, and March 25, 2025) under the same incentive plan.
- Following these transactions, Kenneth C. Keller Jr. beneficially owns 868,943 shares of common stock directly.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal. The restricted stock grant to the CEO demonstrates continued alignment of management's interests with long-term shareholder value, while the tax withholding is a routine event.
Positives
- The grant of 311,351 restricted shares to the CEO aligns management's interests with those of shareholders, incentivizing long-term performance.
- The restricted stock grant is part of an established Omnibus Incentive Compensation Plan, indicating a structured approach to executive compensation.
Industry Context
StockSavvy.ai notes that Form 4 filings are specific to individual insider transactions and do not typically provide broader industry context or trends. However, executive compensation structures, including restricted stock grants, are common across industries to align leadership incentives with company performance.
Stakeholder Impact
- Shareholders: The grant of restricted stock to the CEO enhances alignment between executive incentives and shareholder interests, potentially leading to improved long-term performance.
- Employees: The Omnibus Incentive Compensation Plan provides a framework for executive compensation, which can influence overall compensation philosophy within the company.
Next Steps
- The newly granted restricted stock will vest in three equal installments on March 25, 2027, March 25, 2028, and March 25, 2029.
Key Dates
| Date | Description |
|---|---|
| 03/24/2023 | Date of a previous restricted stock grant, one-third of which vested on March 25, 2026. |
| 03/25/2024 | Date of a previous restricted stock grant, one-third of which vested on March 25, 2026. |
| 03/25/2025 | Date of a previous restricted stock grant, one-third of which vested on March 25, 2026. |
| 03/25/2026 | Transaction date for the acquisition of new restricted stock and disposition for tax withholding; also the vesting date for prior restricted stock grants. |
| 03/27/2026 | Signature date of the Form 4 filing. |
| 03/25/2027 | First vesting date for the newly acquired restricted stock. |
| 03/25/2028 | Second vesting date for the newly acquired restricted stock. |
| 03/25/2029 | Third and final vesting date for the newly acquired restricted stock. |
Keywords
B&G Foods, BGS, Kenneth C. Keller Jr., Restricted Stock, Insider Transaction, Form 4, Executive Compensation, Stock Grant, Tax Withholding
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