Form 4: B&G Foods EVP of Finance Bruce Wacha Reports Stock Grant and Tax Withholding

Bruce Wacha, EVP of Finance & CFO at B&G Foods, reports the acquisition of restricted stock and the withholding of shares for tax obligations.

Summary

• On March 25, 2024, Bruce C. Wacha, EVP of Finance & CFO of B&G Foods, Inc., acquired 26,500 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, 2025, March 25, 2026, and March 25, 2027.
• Also on March 25, 2024, 2,733 shares of common stock were withheld by B&G Foods to cover tax obligations related to the vesting of restricted stock.
• These shares were withheld at a price of $11.36.
• The vesting related to one-third of the total number of shares of restricted stock issued to the reporting person on March 25, 2021, March 25, 2022 and March 24, 2023 pursuant to the B&G Foods, Inc. Omnibus Incentive Compensation Plan.
• Following these transactions, Wacha directly owns 86,128 shares of B&G Foods common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document reports routine transactions related to executive compensation.

Positives

• The grant of restricted stock to the EVP of Finance & CFO aligns his interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment to B&G Foods.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock grant aligns executive interests with shareholder value.
• Tax withholding impacts the executive's net compensation.

Key Dates