Form 4: B&G Foods EVP Scott Lerner Reports Changes in Beneficial Ownership

Scott Lerner, EVP & General Counsel of B&G Foods, reports acquisition of restricted stock and disposition of shares to cover tax obligations.

Summary

• On March 25, 2025, Scott E. Lerner, EVP & General Counsel of B&G Foods, acquired 42,701 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, Lerner disposed of 5,444 shares of common stock to satisfy tax withholding obligations related to the vesting of previous restricted stock grants.
• The price per share for the disposed shares was $6.6.
• Following these transactions, Lerner beneficially owns 234,012 shares of B&G Foods common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices, indicating stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of restricted stock aligns Lerner's interests with the long-term performance of B&G Foods.
• The vesting schedule encourages continued service and contribution to the company.

Future Outlook

The vesting schedule of the restricted stock extends to March 2028, indicating a long-term incentive for the reporting person.

Industry Context

Executive compensation through stock grants is a common practice in the food industry to align management's interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages in the consumer packaged goods (CPG) industry.
• Companies like General Mills, Kellogg's, and Kraft Heinz also utilize stock-based compensation to incentivize their executives.
• The vesting schedules are generally similar, often spanning three to five years to encourage long-term commitment.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign of aligning management's interests with long-term company performance.
• Employees may see the executive compensation package as a reflection of the company's commitment to rewarding leadership.

Key Dates

Keywords

B&G Foods, Scott Lerner, Beneficial Ownership, Form 4, Restricted Stock, Tax Withholding, Omnibus Incentive Compensation Plan