Form 4: B&G Foods Executive Ellen M. Schum Reports Stock Grant and Tax Withholding

Ellen M. Schum, EVP & President of Specialty at B&G Foods, reports the acquisition of restricted stock and the withholding of shares for tax obligations.

Summary

• On March 25, 2025, Ellen M. Schum, EVP & President of Specialty at B&G Foods, acquired 31,844 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.
• Also on March 25, 2025, 4,222 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 $6.6 per share.
• Following these transactions, Schum directly owns 102,766 shares of B&G Foods common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The grant of restricted stock aligns the executive's interests with those of the shareholders, incentivizing performance and long-term value creation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices at B&G Foods.

Comparison to Industry Standards

• Stock grants are a common form of executive compensation across the food industry.
• Companies like General Mills and Kellogg's also utilize stock grants as part of their executive compensation packages.
• The vesting schedule of one-third annually over three years is a typical vesting arrangement.

Stakeholder Impact

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

Key Dates

Keywords

B&G Foods, Ellen M. Schum, restricted stock, Form 4, insider trading, stock grant, tax withholding, beneficial ownership, Omnibus Incentive Compensation Plan