Companies B&G Foods, Inc.
B&G Foods (BGS): executive pay, fiscal 2025
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CEO pay, last three years
- $7,958,638FY2023
- $5,083,699FY2024
- $4,589,619FY2025
CEO total pay was $4,589,619 in fiscal 2025, down from $5,083,699 in fiscal 2024.
FY2025: salary $1,224,258 · bonus $0 · stock awards $2,625,864 · option awards $0
Executives and directors
Frequently asked questions
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Full detail
Every table from the filing. Open any section.
Summary compensation table
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Kenneth Keller | $1,224,258 | $0 | $2,625,864 | $0 | $710,437 | $0 | $29,060 | $4,589,619 |
| Chief Executive Officer | ||||||||
| Jordan Greenberg | 351,320 | 0 | 341,578 | 0 | 0 | 113,453 | 778,532 | 1,584,883 |
| Former Executive Vice President and President of Spices & Flavor Solutions | ||||||||
| Scott Lerner | 582,449 | 0 | 471,419 | 0 | 202,797 | 72,675 | 22,060 | 1,351,400 |
| General Counsel, Secretary and Chief Compliance Officer | ||||||||
| Bruce Wacha | 579,209 | 0 | 468,803 | 0 | 235,280 | 45,391 | 22,060 | 1,350,743 |
| Executive Vice President of Finance and Chief Financial Officer | ||||||||
| Ellen Schum | 482,620 | 0 | 351,558 | 0 | 188,482 | 62,181 | 11,560 | 1,096,401 |
| Executive Vice President and President of Specialty | ||||||||
| Andrew Vogel | 417,690 | 0 | 304,262 | 0 | 292,141 | 0 | 29,060 | 1,043,153 |
| Executive Vice President and President of Meals | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
Three-year trend — total compensation per named executive
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Kenneth Keller | $4,589,619 | $5,083,699 | $7,958,638 | ↓ −494,080 |
| Jordan Greenberg | 1,584,883 | 1,081,568 | 1,298,323 | ↑ +503,315 |
| Scott Lerner | 1,351,400 | 1,373,345 | 1,524,528 | ↓ −21,945 |
| Bruce Wacha | 1,350,743 | 1,417,388 | 1,551,482 | ↓ −66,645 |
| Ellen Schum | 1,096,401 | 1,236,585 | 1,358,208 | ↓ −140,184 |
| Andrew Vogel | 1,043,153 | — | — | — |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
Incentive-plan design — the Compensation Discussion & Analysis
The compensation committee ensures that the total compensation paid to our named executive officers is fair, reasonable and competitive, and that a significant portion of the total compensation is tied to the company's annual and long-term performance.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Meridian Compensation Partners |
| Clawback policy | true |
| Anti-hedging | true |
| Anti-pledging | true |
Equity grants and outstanding awards
No plan-based awards are on file for this fiscal year.
Outstanding equity awards at fiscal year-end 2025
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Andrew Vogel | RSU | 4,081 | — | $17,140 |
| Ellen Schum | RSU | 4,761 | — | 19,996 |
| Bruce Wacha | RSU | 5,769 | — | 24,230 |
| Scott Lerner | RSU | 5,802 | — | 24,368 |
| Jordan Greenberg | PSU | 6,016 | — | 25,267 |
| Jordan Greenberg | PSU | 10,190 | — | 42,798 |
| Andrew Vogel | RSU | 11,356 | — | 47,695 |
| Ellen Schum | RSU | 13,249 | — | 55,646 |
| Andrew Vogel | PSU | 17,034 | — | 71,543 |
| Bruce Wacha | RSU | 17,667 | — | 74,201 |
| Scott Lerner | RSU | 17,765 | — | 74,613 |
| Ellen Schum | PSU | 19,873 | — | 83,467 |
| Bruce Wacha | PSU | 26,500 | — | 111,300 |
| Scott Lerner | PSU | 26,648 | — | 111,922 |
| Andrew Vogel | PSU | 27,560 | — | 115,752 |
| Andrew Vogel | RSU | 27,560 | — | 115,752 |
| Ellen Schum | PSU | 31,844 | — | 133,745 |
| Ellen Schum | RSU | 31,844 | — | 133,745 |
| Kenneth Keller | RSU | 35,559 | — | 149,348 |
| Bruce Wacha | PSU | 42,464 | — | 178,349 |
| Bruce Wacha | RSU | 42,464 | — | 178,349 |
| Scott Lerner | PSU | 42,701 | — | 179,344 |
| Scott Lerner | RSU | 42,701 | — | 179,344 |
| Kenneth Keller | RSU | 98,956 | — | 415,615 |
| Kenneth Keller | PSU | 148,434 | — | 623,423 |
| Kenneth Keller | PSU | 237,850 | — | 998,970 |
| Kenneth Keller | RSU | 237,850 | — | 998,970 |
| Kenneth Keller | Option | 252,000 | 14.02 | — |
| Kenneth Keller | Option | 273,000 | 19.63 | — |
| Kenneth Keller | Option | 375,000 | 25.24 | — |
Director compensation
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Stephen C. SherrillIndependent · Board Chair · Compensation (Ex-officio) | $0 | $102,368 | $165,000 | $0 | $0 | $267,368 |
| DeAnn L. BruntsIndependent · Audit (Chair) | 130,000 | 102,368 | 0 | 0 | 0 | 232,368 |
| Debra M. ChaseIndependent | 125,000 | 102,368 | 0 | 0 | 0 | 227,368 |
| Alfred PoeIndependent · Audit · Compensation (Chair) · Risk | 125,000 | 102,368 | 0 | 0 | 0 | 227,368 |
| Dennis M. MullenIndependent · Audit · Compensation · Corporate Social Responsibility · Risk | 120,000 | 102,368 | 0 | 0 | 0 | 222,368 |
| Cheryl M. PalmerIndependent · Audit · Compensation · Risk | 120,000 | 102,368 | 0 | 0 | 0 | 222,368 |
| Charles F. MarcyIndependent · Nominating and Governance (Chair) | 110,000 | 102,368 | 0 | 0 | 0 | 212,368 |
| Robert D. MillsIndependent · Risk (Chair) | 110,000 | 102,368 | 0 | 0 | 0 | 212,368 |
| David L. WennerIndependent · Audit · Compensation | 105,000 | 102,368 | 0 | 0 | 0 | 207,368 |
| Kenneth C. KellerEmployee director | — | — | — | — | — | 0 |
Board fee structure and ownership guideline
| Annual cash retainer | $75,000 |
|---|---|
| Annual equity retainer | $130,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 25,000 / 20,000 / 20,000 |
| Stock ownership guideline | See “Corporate Governance—Director Compensation—Non-Employee Director Stock Ownership Guidelines” above for a description of stock ownership guidelines we have adopted for our non-employee directors. |
Total cost of the board
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $945,000 |
| Equity awards (grant-date value) | $921,312 |
| All other compensation | $0 |
| Total cost of the board | $1,866,312 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
Peer group, and who names B&G Foods as a peer
Companies that benchmark against BGS
18 companies name BGS as a compensation peer
The list of companies that name BGS as a peer is temporarily unavailable — recheck shortly.
Disclosed peer group — fiscal year 2025
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Peer reciprocity
The companies B&G Foods, Inc. names as compensation peers that name it back in their own disclosed peer groups.
Chief executive pay against the peer group
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | WK Kellogg Co. | 2023 | Steve Cahillane | $1,338,462 | $10,995,985 | $1,524,318 | $2,829,600 | $17,038,641 |
| 2 | Post Holdings Inc. | 2025 | Robert Vitale | 1,281,250 | 14,811,295 | 0 | 0 | 16,621,445 |
| 3 | Lamb Weston Holdings, Inc. | 2026 | Michael Smith | 1,000,000 | 5,704,557 | 7,379,936 | 1,830,000 | 16,004,614 |
| 4 | McCormick & Co., Inc. | 2025 | Brendan Foley | 1,139,084 | 8,600,105 | 0 | 720,130 | 10,831,581 |
| 5 | Darling Ingredients, Inc. | 2025 | Randall Stuewe | 1,284,231 | 6,681,030 | 0 | 1,328,112 | 9,402,554 |
| 6 | Treehouse Foods, Inc. | 2024 | Steven Oakland | 1,102,000 | 7,069,378 | 0 | 0 | 8,305,103 |
| 7 | Flowers Foods, Inc. | 2025 | A. Ryals McMullian | 1,041,730 | 5,735,842 | 0 | 733,524 | 7,776,698 |
| 8 | BellRing Brands, Inc. | 2025 | Darcy Horn Davenport | 950,025 | 4,400,000 | 0 | 1,055,715 | 6,563,539 |
| 9 | John B. Sanfilippo & Son, Inc. | 2026 | Jeffrey Sanfilippo | 985,470 | 1,687,431 | 0 | 1,841,863 | 5,326,942 |
| 10 | B&G Foods, Inc. | 2025 | Kenneth Keller | 1,224,258 | 2,625,864 | 0 | 710,437 | 4,589,619 |
| 11 | The Hain Celestial Group, Inc. | 2025 | Wendy Davidson | 789,808 | 3,530,682 | 0 | 0 | 4,546,417 |
| 12 | Utz Brands, Inc. | 2025 | Howard Friedman | 968,289 | 2,699,044 | 0 | 609,936 | 4,391,269 |
| 13 | The Simply Good Foods Company | 2025 | Geoff Tanner | 816,667 | 2,747,758 | — | 748,000 | 4,330,633 |
| 14 | J&J Snack Foods Corp. | 2025 | Daniel Fachner | 1,021,923 | 2,059,974 | 0 | 834,300 | 3,978,648 |
Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
Incentive design against the same peers
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| B&G Foods, Inc. | not disclosed | not disclosed | not disclosed | Meridian Compensation Partners |
| BellRing Brands, Inc. | 88.9% of target for corporate level NEOs; 92.9% of target for business unit level NEO (Mr. Singh).% | PRSUs 80 · RSUs 20 | Yes — Relative TSR | Aon |
| Darling Ingredients, Inc. | 70% | PSU 60 · RSU 40 | Yes — Total Shareholder Return (TSR) | Meridian Compensation Partners, LLC |
| Flowers Foods, Inc. | 56.3% | PSU 70 · RSU 30 | Yes — TSR vs. Peer Group | Meridian Compensation Partners, LLC |
| J&J Snack Foods Corp. | not disclosed | not disclosed | not disclosed | not disclosed |
| John B. Sanfilippo & Son, Inc. | 158.1% | RSU 80 · PSU 20 | No | Pearl Meyer & Partners, LLC |
| Lamb Weston Holdings, Inc. | 122% | RSU 40 · PSU 30 · Options 30 | Yes — Relative TSR | F.W. Cook |
| McCormick & Co., Inc. | 40.4% | PSU 50 · RSU 50 | Yes — McCormick's TSR relative to the TSR generated by our Peer Group companies | WTW (Willis Towers Watson) |
| Post Holdings Inc. | 124.4% | PSU 50 · RSU 50 | Yes — Negative three-year TSR | Aon |
| The Hain Celestial Group, Inc. | not disclosed | RSU 50 · PSU 50 | Yes — Relative TSR versus the S&P Food & Beverage Select Industry Index | ClearBridge Compensation Group, LLC |
| The Simply Good Foods Company | not disclosed | not disclosed | not disclosed | Mercer |
| Treehouse Foods, Inc. | not disclosed | RSU 50 · PSU 50 | not disclosed | Pay Governance LLC |
| Utz Brands, Inc. | not disclosed | not disclosed | not disclosed | F.W. Cook |
| WK Kellogg Co. | not disclosed | PSU 75 · RSU 25 | No | Semler Brossy Consulting Group |
Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.
Say-on-pay history and pay ratio
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-05-21 | 26,804,215 | 4,340,759 | 436,974 | 86.06% | Passed |
| 2025 | 2025-05-15 | 36,717,432 | 7,633,289 | 502,613 | 82.79% | Passed |
| 2024 | 2024-05-23 | 40,610,554 | 5,082,814 | 512,130 | 88.88% | Passed |
| 2023 | 2023-05-17 | 33,988,414 | 3,411,550 | 633,720 | 90.88% | Passed |
| 2022 | 2022-05-17 | 31,821,581 | 2,428,194 | 1,325,272 | 92.91% | Passed |
| 2021 | 2021-05-18 | 30,390,070 | 1,806,664 | 1,131,327 | 94.39% | Passed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.
Say-on-pay — history, company’s computation
| Meeting year | Meeting date | Approval — company’s computation |
|---|---|---|
| 2026 | 2026-05-21 | 86.06%a |
| 2025 | 2025-05-15 | 82.79%b |
| 2024 | 2024-05-23 | 88.88%c |
a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be included in the vote totals and will not affect the outcome of the vote for Proposal Nos.”.
b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be included in the vote totals and will not affect the outcome of the vote for Proposal Nos.”.
c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will not be included in the vote totals and will not affect the outcome of the vote for Proposal Nos.”.
Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
CEO pay ratio
| Ratio (CEO : median employee) | 84 : 1 |
|---|---|
| CEO total compensation | $4,589,619 |
| Median employee compensation | $54,657 |
Insider trades since the proxy
No insider equity transactions reported since the proxy statement.
Sources (44 citations)
Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.
- Section 01, Kenneth Keller. DEF 14A, filed 2026-04-03. Section “Summary Compensation Table” · page 46. As printed: 4,589,619. View filing ↗
- Section 01, Jordan Greenberg. DEF 14A, filed 2026-04-03. Section “Summary Compensation Table”. As printed: 1,584,883. View filing ↗
- Section 01, Scott Lerner. DEF 14A, filed 2026-04-03. Section “Summary Compensation Table”. As printed: 1,351,400. View filing ↗
- Section 01, Bruce Wacha. DEF 14A, filed 2026-04-03. Section “Summary Compensation Table”. As printed: 1,350,743. View filing ↗
- Section 01, Ellen Schum. DEF 14A, filed 2026-04-03. Section “Summary Compensation Table”. As printed: 1,096,401. View filing ↗
- Section 01, Andrew Vogel. DEF 14A, filed 2026-04-03. Section “Summary Compensation Table”. As printed: 1,043,153. View filing ↗
- Section 07, pay ratio. DEF 14A, filed 2026-04-03. Section “CEO Pay Ratio”. As printed: 84 : 1. View filing ↗
- Section 08, Stephen C. Sherrill. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 267,368. View filing ↗
- Section 08, DeAnn L. Brunts. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 232,368. View filing ↗
- Section 08, Debra M. Chase. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 227,368. View filing ↗
- Section 08, Alfred Poe. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 227,368. View filing ↗
- Section 08, Dennis M. Mullen. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 222,368. View filing ↗
- Section 08, Cheryl M. Palmer. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 222,368. View filing ↗
- Section 08, Charles F. Marcy. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 212,368. View filing ↗
- Section 08, Robert D. Mills. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 212,368. View filing ↗
- Section 08, David L. Wenner. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 207,368. View filing ↗
- Section 08, Kenneth C. Keller. DEF 14A, filed 2026-04-03. Section “Director Compensation”. As printed: 0. View filing ↗
- Section 06, 2026 vote. Form 8-K, filed 2026-05-27. Item 5.07 · say-on-pay result. As reported: 86.06% (votes for as printed: 26,804,215). View filing ↗
- Section 06, 2025 vote. Form 8-K, filed 2025-05-20. Item 5.07 · say-on-pay result. As reported: 82.79% (votes for as printed: 36,717,432). View filing ↗
- Section 06, 2024 vote. Form 8-K, filed 2024-05-24. Item 5.07 · say-on-pay result. As reported: 88.88% (votes for as printed: 40,610,554). View filing ↗
- Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
- Section 09b board cost (computed). Computed. Cash 945,000 + equity 921,312 + all other 0 = 1,866,312, summed across the director compensation table rows.
- WK Kellogg Co., Section 10b CEO total. DEF 14A, filed 2024-03-04. CEO total compensation as printed in WK Kellogg Co.'s own proxy. As printed: 17,038,641. View filing ↗
- Post Holdings Inc., Section 10b CEO total. DEF 14A, filed 2025-12-15. CEO total compensation as printed in Post Holdings Inc.'s own proxy. As printed: 16,621,445. View filing ↗
- Lamb Weston Holdings, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-30. CEO total compensation as printed in Lamb Weston Holdings, Inc.'s own proxy. As printed: 16,004,614. View filing ↗
- McCormick & Co., Inc., Section 10b CEO total. DEF 14A, filed 2026-02-18. CEO total compensation as printed in McCormick & Co., Inc.'s own proxy. As printed: 10,831,581. View filing ↗
- Darling Ingredients, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Darling Ingredients, Inc.'s own proxy. As printed: 9,402,554. View filing ↗
- Treehouse Foods, Inc., Section 10b CEO total. DEF 14A, filed 2025-03-13. CEO total compensation as printed in Treehouse Foods, Inc.'s own proxy. As printed: 8,305,103. View filing ↗
- Flowers Foods, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Flowers Foods, Inc.'s own proxy. As printed: 7,776,698. View filing ↗
- BellRing Brands, Inc., Section 10b CEO total. DEF 14A, filed 2025-12-16. CEO total compensation as printed in BellRing Brands, Inc.'s own proxy. As printed: 6,563,539. View filing ↗
- John B. Sanfilippo & Son, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-14. CEO total compensation as printed in John B. Sanfilippo & Son, Inc.'s own proxy. As printed: 5,326,942. View filing ↗
- B&G Foods, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-03. CEO total compensation as printed in B&G Foods, Inc.'s own proxy. As printed: 4,589,619. View filing ↗
- The Hain Celestial Group, Inc., Section 10b CEO total. DEF 14A, filed 2025-09-18. CEO total compensation as printed in The Hain Celestial Group, Inc.'s own proxy. As printed: 4,546,417. View filing ↗
- Utz Brands, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Utz Brands, Inc.'s own proxy. As printed: 4,391,269. View filing ↗
- The Simply Good Foods Company, Section 10b CEO total. DEF 14A, filed 2025-12-17. CEO total compensation as printed in The Simply Good Foods Company's own proxy. As printed: 4,330,633. View filing ↗
- J&J Snack Foods Corp., Section 10b CEO total. DEF 14A, filed 2026-01-02. CEO total compensation as printed in J&J Snack Foods Corp.'s own proxy. As printed: 3,978,648. View filing ↗
- Section 10a, The Simply Good Foods Company reciprocity. DEF 14A. The Simply Good Foods Company names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Treehouse Foods, Inc. reciprocity. DEF 14A. Treehouse Foods, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Lamb Weston Holdings, Inc. reciprocity. DEF 14A. Lamb Weston Holdings, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, John B. Sanfilippo & Son, Inc. reciprocity. DEF 14A. John B. Sanfilippo & Son, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, BellRing Brands, Inc. reciprocity. DEF 14A. BellRing Brands, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, The Hain Celestial Group, Inc. reciprocity. DEF 14A. The Hain Celestial Group, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Flowers Foods, Inc. reciprocity. DEF 14A. Flowers Foods, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
- Section 10a, Utz Brands, Inc. reciprocity. DEF 14A. Utz Brands, Inc. names B&G Foods, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗