Form 4: B&G Foods Executive Kristen A. Thompson Reports Stock Transactions
SEC Form 4
Kristen A. Thompson, SVP, PRESIDENT OF FROZEN & VEG at B&G Foods, reports acquisition of restricted stock and disposition of shares to cover tax obligations.
Summary
- On March 25, 2025, Kristen A. Thompson, SVP, PRESIDENT OF FROZEN & VEG at B&G Foods, acquired 12,250 shares of restricted stock under the company's Omnibus Incentive Compensation Plan.
- These shares vest in three equal installments on March 25, 2026, March 25, 2027, and March 25, 2028.
- Thompson also disposed of 1,681 shares of common stock at $6.6 to cover tax withholding obligations related to the vesting of restricted stock.
- Following these transactions, Thompson directly owns 24,674 shares of B&G Foods common stock.
- Thompson also indirectly owns 26,355 shares acquired through a dividend reinvestment plan.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine filing reflecting standard compensation practices. The acquisition of restricted stock is a positive sign, but the sale of shares to cover taxes is a neutral event.
Positives
- The acquisition of restricted stock indicates confidence in the company's future performance.
- Participation in the dividend reinvestment plan shows a long-term investment perspective.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock grants as a way to align management's interests with those of shareholders.
- The vesting schedule of one-third per year for three years is a common practice.
- Companies like Conagra Brands (CAG) and Kraft Heinz (KHC) also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The stock transactions have a minor impact on shareholders, as they reflect standard executive compensation practices.
- Employees may view the restricted stock grant as a positive sign of the company's commitment to its executives.
Key Dates
| Date | Description |
|---|---|
| May 1, 2023 | 21 shares acquired under a dividend reinvestment plan |
| August 1, 2023 | 26 shares acquired under a dividend reinvestment plan |
| October 31, 2023 | 43 shares acquired under a dividend reinvestment plan |
| January 31, 2024 | 35 shares acquired under a dividend reinvestment plan |
| May 1, 2024 | 51 shares acquired under a dividend reinvestment plan |
| July 31, 2024 | 67 shares acquired under a dividend reinvestment plan |
| October 31, 2024 | 69 shares acquired under a dividend reinvestment plan |
| January 31, 2025 | 92 shares acquired under a dividend reinvestment plan |
| March 25, 2025 | Date of stock transaction and grant of restricted stock. |
| March 25, 2026 | First vesting date for one-third of the restricted stock. |
| March 25, 2027 | Second vesting date for one-third of the restricted stock. |
| March 25, 2028 | Final vesting date for one-third of the restricted stock. |
| 03/27/2025 | Date of signature on the Form 4 filing. |
Keywords
B&G Foods, Kristen A. Thompson, Form 4, Stock Transaction, Restricted Stock, Dividend Reinvestment, Insider Trading
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