Form 4: B&G Foods Executive Jordan E. Greenberg Reports Changes in Beneficial Ownership

Jordan E. Greenberg, EVP & President of Spices & Flavor at B&G Foods, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On March 25, 2024, Jordan E. Greenberg acquired 19,308 shares of restricted stock at $0 per share, granted under the B&G Foods, Inc. Omnibus Incentive Compensation Plan.
• These shares vest in three equal installments on March 25, 2025, March 25, 2026, and March 25, 2027.
• On the same date, 2,212 shares of common stock were withheld by B&G Foods at $11.36 per share to cover tax obligations related to the vesting of 6,456 shares of restricted stock.
• Following these transactions, Greenberg directly owns 74,095 shares of B&G Foods common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects standard executive compensation practices.

Positives

• The grant of restricted stock to an executive aligns their interests with the long-term performance of the company.

Industry Context

Executive compensation through stock grants is a common practice in the food industry to incentivize performance and align executive interests with shareholder value.

Comparison to Industry Standards

• Stock grants are a typical component of executive compensation packages across the consumer packaged goods (CPG) industry.
• Companies like Conagra Brands, General Mills, and Kellogg's also utilize stock grants and options as part of their executive compensation plans.
• The vesting schedules and amounts of these grants are generally benchmarked against peer companies to ensure competitiveness.

Stakeholder Impact

• Shareholders may view the stock grant as a positive incentive for the executive to drive long-term value.
• Employees may see the executive compensation package as a reflection of the company's commitment to its leadership.

Key Dates