Form 4: B&G Foods EVP of Finance Bruce Wacha Reports Stock Transactions
SEC Form 4
Bruce Wacha, EVP of Finance & CFO at B&G Foods, reports acquisition of restricted stock and disposal of shares to cover tax obligations.
Summary
- On March 25, 2025, Bruce Wacha, the EVP of Finance & CFO of B&G Foods, acquired 42,464 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.
- On the same day, Wacha disposed of 5,408 shares of common stock at a price of $6.6 to cover tax withholding obligations.
- This disposal was related to the vesting of 15,788 shares of restricted stock on March 25, 2025, which were initially issued on March 25, 2022, March 24, 2023 and March 25, 2024.
- Following these transactions, Wacha beneficially owns 128,384 shares of B&G Foods common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are part of a standard compensation plan and tax obligations. There's no indication of unusual activity or concern.
Positives
- The acquisition of 42,464 shares of restricted stock indicates confidence in the company's future performance.
Future Outlook
The vesting schedule of the restricted stock (March 25, 2026, March 25, 2027, and March 25, 2028) suggests a long-term incentive plan for the executive.
Industry Context
Insider transactions are routinely monitored to gauge executive sentiment and potential future performance of the company. This filing is a standard disclosure required by the SEC.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/25/2022 | Initial grant date of some of the restricted stock that vested on March 25, 2025. |
| 03/24/2023 | Initial grant date of some of the restricted stock that vested on March 25, 2025. |
| 03/25/2024 | Initial grant date of some of the restricted stock that vested on March 25, 2025. |
| 03/25/2025 | Date of restricted stock acquisition and stock disposal for tax obligations. |
| 03/25/2026 | First vesting date for one-third of the newly acquired restricted stock. |
| 03/25/2027 | Second vesting date for one-third of the newly acquired restricted stock. |
| 03/25/2028 | Final vesting date for one-third of the newly acquired restricted stock. |
| 03/27/2025 | Date of Form 4 signature. |
Keywords
B&G Foods, Bruce Wacha, restricted stock, Form 4, insider trading, stock disposal, tax withholding, Omnibus Incentive Compensation Plan
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