Form 4: B&G Foods EVP Awarded Performance Shares

B&G Foods Executive Vice President Ellen M. Schum received 18,864 shares of common stock from performance awards, with a portion withheld for tax obligations.

Summary

• Ellen M. Schum, EVP & President of Specialty at B&G Foods, Inc. (BGS), was awarded 18,864 shares of common stock on March 2, 2026.
• These shares represent the gross number awarded for the satisfaction of performance goals under the 2023 to 2025 performance share long-term incentive awards.
• 7,531 shares were withheld at a price of $5.18 per share to satisfy tax withholding obligations related to these awards.
• Following these transactions, Ms. Schum beneficially owns 130,568 shares of B&G Foods common stock.
• This total includes 16,469 shares acquired through a dividend reinvestment plan between February 2, 2022, and January 27, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, reflecting the achievement of performance targets and an increase in insider ownership, which generally aligns executive and shareholder interests.

Positives

• The award of 18,864 shares indicates the achievement of performance goals for the 2023-2025 period, suggesting positive operational performance by the company.
• Increased insider ownership (net of tax withholding) aligns management interests with shareholders.

Negatives

• 7,531 shares were disposed of to cover tax withholding obligations, reducing the net number of shares received by the executive.

Industry Context

StockSavvy.ai notes that performance-based equity awards are a standard component of executive compensation packages across the consumer staples industry, designed to incentivize long-term value creation and align executive interests with shareholder returns. The specific details of the performance goals are not disclosed in this Form 4, but the award suggests successful achievement of prior targets.

Comparison to Industry Standards

• The structure of performance share awards with tax withholding is a common practice in executive compensation across publicly traded companies, including peers in the packaged food sector such as Kraft Heinz (KHC) or Conagra Brands (CAG).
• The specific value of the award and the number of shares beneficially owned by Ms. Schum would need to be compared against similar roles at comparable companies to assess if it aligns with industry benchmarks for executive equity holdings and compensation.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively as it aligns management's interests with shareholder value creation. The achievement of performance goals suggests positive operational execution.
• Employees: The award to a key executive may signal a healthy compensation structure tied to performance, potentially boosting morale or demonstrating the company's commitment to rewarding achievement.

Key Dates

Keywords

B&G Foods, BGS, Ellen M. Schum, Insider Transaction, Form 4, Performance Shares, Executive Compensation, Stock Award, Dividend Reinvestment