Form 4: B&G Foods VP, Chief Accounting Officer, Michael Adasczik, Reports Changes in Beneficial Ownership

Michael Adasczik, VP, Chief Accounting Officer of B&G Foods, reports acquisition of restricted stock and disposition of shares to cover tax obligations.

Summary

• On March 25, 2025, Michael Adasczik, VP, Chief Accounting Officer of B&G Foods, acquired 11,119 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, 1,403 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.
• Following these transactions, Adasczik directly owns 29,411 shares of B&G Foods common stock.

Sentiment

Score: 6

Explanation: The document reflects standard executive compensation practices and insider transactions, indicating a neutral sentiment.

Positives

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

Future Outlook

The vesting schedule of the restricted stock indicates a multi-year incentive plan for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock grants to align management's interests with shareholders, similar to practices at comparable companies like Conagra Brands (CAG) and Kellogg (K).

Stakeholder Impact

• The transactions have a minor impact on shareholders, reflecting standard executive compensation practices.

Key Dates

Keywords

B&G Foods, Michael Adasczik, Form 4, Beneficial Ownership, Restricted Stock, Tax Withholding, Insider Trading