Adasczik Michael 4
4 · B&G Foods, Inc. · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
B&G Foods (BGS) VP Michael Adasczik Receives Restricted Stock Award
What Happened
Michael Adasczik, VP and Chief Accounting Officer of B&G Foods, was granted 14,991 shares of restricted stock on March 25, 2026 (reported as an acquisition/award, code A) at $0 per share. Separately, 2,625 shares were disposed (code F) as tax withholding related to the vesting of prior restricted stock; those withheld shares were valued at $5.11 each, totaling $13,414. The grant is an award (not a market purchase); the withholding is routine to cover tax obligations on vested shares.
Key Details
- Transaction dates: March 25, 2026 (award and withholding).
- Award: 14,991 restricted shares granted at $0.00 (code A).
- Tax withholding/disposition: 2,625 shares withheld at $5.11/share = $13,414 (code F).
- Shares owned after the transaction: not reported in this filing.
- Footnotes: F1 — the 14,991 shares are restricted stock that vest one‑third on each of March 25, 2027, 2028 and 2029. F2 — the 2,625 withheld shares satisfied tax withholding on 7,664 vested shares from prior grants (one‑third of prior awards issued in 2023–2025).
- Timeliness: Filing was made March 27, 2026 for a March 25, 2026 event (appears timely under standard Form 4 rules).
Context
Restricted stock awards are compensation, not open‑market purchases; vesting schedules determine when shares become owned outright. The 2,625‑share disposal here was a company withholding to cover taxes on earlier vested restricted stock (a common, administrative action), not an open‑market sale indicating directional insider sentiment. Purchases tend to be more informative about insider bullishness; this filing documents compensation and routine tax withholding.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-25+14,991→ 52,298 total - Tax Payment
Common Stock
[F2]2026-03-25$5.11/sh−2,625$13,414→ 49,673 total
Footnotes (2)
- [F1]Represents shares of restricted stock granted to the reporting person pursuant to the B&G Foods, Inc. Omnibus Incentive Compensation Plan. The shares of restricted stock vest one-third on each of March 25, 2027, March 25, 2028 and March 25, 2029.
- [F2]Represents shares of common stock withheld by B&G Foods to satisfy tax withholding obligations upon the vesting on March 25, 2026 of 7,664 shares of restricted stock, or one-third of the total number of shares of restricted stock, issued to the reporting person on March 24, 2023, March 25, 2024 and March 25, 2025 pursuant to the B&G Foods, Inc. Omnibus Incentive Compensation Plan.