4/A: Balchem Corp Executive Backus Reports Stock Transactions and Amendment
SEC Form 4/A
William A. Backus, VP & Chief Accounting Officer of Balchem Corp, reports acquisition and disposal of common stock and stock options, along with an amendment to a previous filing regarding restricted stock vesting.
Summary
- William A. Backus, VP & Chief Accounting Officer of Balchem Corporation, filed a Form 4/A with the SEC.
- The report details changes in beneficial ownership of Balchem Corp [BCPC] stock.
- On February 12, 2025, Backus acquired 550 shares of common stock and 1,800 stock options at a price of $159.18.
- On February 13, 2025, he acquired 2,067 shares of common stock and disposed of 1,073 shares at $163.14 to cover tax requirements.
- Following these transactions, Backus directly owns 6,222 shares of common stock and indirectly owns 172 shares through a 401(k) plan.
- He also directly owns 1,800 stock options.
- The filing amends a previous Form 4 from February 14, 2025, to correct the vesting period for restricted stock.
- The restricted stock vests ratably over a 3-year period, not 3 years from the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It's a neutral disclosure of information.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in the company's stock. It is common for executives to receive stock options and restricted stock as part of their compensation packages, and their transactions are closely monitored by investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership and transactions.
- It assures stakeholders that executive compensation is aligned with company performance through equity-based awards.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Acquisition of 550 common stock shares and 1,800 stock options. |
| 02/13/2025 | Acquisition of 2,067 common stock shares and disposal of 1,073 shares for tax purposes. |
| 02/14/2025 | Original Form 4 filing date (amended by this filing). |
| 04/11/2025 | Date of amended Form 4/A filing. |
| 02/12/2035 | Expiration date of stock options acquired on 02/12/2025. |
Keywords
Form 4, Balchem Corp, BCPC, Stock Options, Stock, Beneficial Ownership, Executive Compensation, SEC Filing
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