Form 4: B&G Foods EVP Eric Hart Reports Stock Grant and Tax Withholding

Eric Hart, EVP of Human Resources & CHRO at B&G Foods, reports the acquisition of restricted stock and shares withheld for tax obligations.

Summary

• On March 25, 2025, Eric Hart, EVP of Human Resources & CHRO at B&G Foods, acquired 28,872 shares of restricted stock.
• These shares were granted under the B&G Foods, Inc. Omnibus Incentive Compensation Plan.
• The restricted stock vests in three equal installments on March 25, 2026, March 25, 2027, and March 25, 2028.
• Additionally, 3,860 shares of common stock were withheld by B&G Foods to cover tax obligations related to the vesting of restricted stock.
• This withholding occurred upon the vesting of 11,270 shares of restricted stock on March 25, 2025, which were initially issued in prior years.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing related to executive compensation, indicating standard business practices.

Positives

• The grant of restricted stock to a key executive like the EVP of Human Resources & CHRO suggests an investment in leadership and alignment of interests with the company's long-term performance.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into how executives are incentivized and the alignment of their interests with shareholders.

Comparison to Industry Standards

• Stock grants and vesting schedules are common practices in executive compensation packages across the food industry.
• Companies like General Mills, Kellogg's, and Kraft Heinz also utilize similar incentive plans to retain and motivate their key personnel.
• The vesting schedule of one-third annually over three years is a standard approach to ensure continued commitment from the executive.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign of aligning executive interests with company performance.
• Employees may see this as a standard part of executive compensation.

Key Dates

Keywords

B&G Foods, Eric Hart, restricted stock, Form 4, insider trading, stock grant, tax withholding, Omnibus Incentive Compensation Plan