Wacha Bruce C 4
Research Summary
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B&G Foods CFO Bruce Wacha Receives Restricted Stock Award
What Happened Bruce C. Wacha, EVP of Finance & Chief Financial Officer of B&G Foods (BGS), was granted 57,253 shares of restricted common stock (acquired at $0) on March 25, 2026. On the same date, 9,849 of his shares were withheld to satisfy tax withholding obligations at $5.11 per share, resulting in proceeds (disposition) of $50,328. The grant is compensation (restricted stock), not an open-market purchase.
Key Details
- Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely).
- Grant: 57,253 restricted shares (code A) at $0.00.
- Withholding: 9,849 shares withheld (code F) at $5.11, total $50,328, to satisfy tax obligations.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes:
- F1 — The 57,253 shares are restricted stock that vest one‑third on each of March 25, 2027, 2028 and 2029.
- F2 — The 9,849 withheld shares relate to tax withholding upon vesting on March 25, 2026 of 28,756 vested shares (one‑third of previously issued restricted stock from 2023–2025).
Context This filing reflects a compensation grant and routine tax withholding rather than an open‑market buy or discretionary sale. Restricted stock awards are common executive compensation and vest over time; withheld shares to cover taxes are a standard administrative step and do not necessarily indicate a change in the insider’s market view.