David L. Wenner, who was born in 1947, has had a long career at B&G Foods, stretching back to 1993. He studied at the U.S. Naval Academy and has focused on management throughout his career. After holding various positions within...

David L. Wenner, who was born in 1947, has had a long career at B&G Foods, stretching back to 1993. He studied at the U.S. Naval Academy and has focused on management throughout his career. After holding various positions within the company, he served as Interim President and CEO from late 2020 to 2021, taking on leadership when the company needed it most. His compensation reflects the ups and downs of the company; in recent years, he earned a salary of $573,077 but faced issues with performance metrics that impacted bonuses. A notable highlight is his involvement in B&G Foods during a significant growth period. For instance, he was instrumental when the stock's performance surged, leading to impressive numbers in insider trading, with notable transactions reaching over $24 million in early 2022. Now, he continues to guide B&G Foods, which is known for its wide range of food products, through challenges in a competitive marketplace.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other B&G Foods CEOs

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David L. Wenner

Ex-CEO of B&G Foods

Education

U.S. Naval Academy

Field of Expertise

Business & Management

Sector of Economy

Consumer Defensive

Born

January 1, 1947 - 78 years ago

CEO of B&G Foods for

0 years 7 months (Nov 2020 - Jun 2021)

Previous Experience

Former President and CEO of B&G Foods

Rivals

Competitors/colleagues of David L. Wenner

Holdings

See how much did David L. Wenner make over time.

David L. Wenner's holdings in B&G Foods have seen interesting fluctuations over the years. During his time in 2019 and 2020, he reported substantial trades, peaking in August 2020 with $22.35 million in reported insider activities. This showed a strong...

David L. Wenner's holdings in B&G Foods have seen interesting fluctuations over the years. During his time in 2019 and 2020, he reported substantial trades, peaking in August 2020 with $22.35 million in reported insider activities. This showed a strong confidence in the company’s direction during challenging times. However, as the market adjusted in 2022, his trading activity decreased, indicative of possible shifts in company strategy or market perception. By 2023, the values had tapered down, showing figures around $10 million monthly, but still reflecting a steady investment in the company he leads. His commitment is shown in the way he manages his holdings as B&G Foods navigates through evolving industry challenges.

Total Stock Sold

$1.73M

BGS

$1.73M

70,500 BGS shares

What if they kept their stock?

If David L. Wenner didn't sell their stock, today they would have:
Extra BGS70,500 shares worth $1.17M.
This is -32.31% and $560.02K less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David L. Wenner.

BGS

12,948 shares

BGS

Jun 3, 2024

Received

BGS

9,059 shares

BGS

Jun 1, 2023

Received

BGS

$280.29K

BGS at $14.01/share

Nov 14, 2022

Purchase

BGS

5,197 shares

BGS

Jun 1, 2022

Received

BGS

4,035 shares

BGS

Jun 1, 2021

Received

BGS

5,378 shares

BGS

Jun 1, 2020

Received

BGS

$231.22K

BGS at $11.86/share

Mar 13, 2020

Purchase

BGS

5,731 shares

BGS

Jun 3, 2019

Received

BGS

4,240 shares

BGS

Jun 1, 2018

Received

BGS

2,937 shares

BGS

Jun 1, 2017

Received

Compensation History

See how much did David L. Wenner make over time.

David L. Wenner's compensation at B&G Foods has varied significantly over the years, reflecting both his performance and the company’s overall success. In 2021, his total compensation was $291,748, which included a salary of $573,077 and a bonus that was smaller than expected due to missed performance targets. In contrast, in 2014, his total earnings were around $1.42 million, driven mainly by vested stock awards from previous fiscal achievements. This fluctuation in his compensation highlights how closely tied it is to the company's financial health and performance metrics. The board's philosophy emphasizes retaining talent and aligning executive interests with shareholders, which explains the significant differences in compensation as the company navigates market challenges.

Year

2021

Total Compensation

$916.75K

Salary

$573.08K

Board Justification

The compensation philosophy aims to attract, motivate, and retain executive talent while aligning their interests with those of shareholders through performance-based compensation.

Bonus

$124.31K

Board Justification

Mr. Wenner received a pro rata 25% of target bonus based on his time served as Interim President and CEO during 2021, despite the company not meeting the threshold adjusted EBITDA for the annual bonus plan.

Other

$219.36K

Board Justification

Other compensation includes a car allowance, cell phone allowance, and accrued but unused vacation pay.

Restricted Stock

$0.00(0 N/A)

Board Justification

Mr. Wenner did not receive any performance share LTIAs or restricted stock awards in 2021.

Performance Metrics

The performance metrics for Mr. Wenner's compensation were primarily based on his individual performance objectives during his tenure as Interim CEO.

Other B&G Foods CEOs

Here are other CEOs of B&G Foods

Kenneth G. Romanzi

Ex-CEO of B&G Foods

April 2019 - November 2020

Kenneth C. Keller

CEO of B&G Foods

July 2021 - Present