Form 4: Balchem Corp Executive Backus Sells Shares to Cover Tax Obligations
SEC Form 4
William A. Backus, VP & Chief Accounting Officer of Balchem Corp, sold 310 shares of common stock on February 10, 2025, to cover withholding taxes due upon the vesting of restricted shares.
Summary
- On February 10, 2025, William A. Backus, the VP & Chief Accounting Officer of Balchem Corp, disposed of 310 shares of common stock.
- The transaction was executed to cover withholding taxes associated with the vesting of restricted shares granted on February 10, 2022.
- The sale price was $159.39 per share.
- Following the transaction, Backus directly owns 4,678 shares of Balchem Corp common stock.
- Backus also indirectly owns 172 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily reflect a positive or negative outlook on the company.
Industry Context
This is a routine Form 4 filing, reflecting a common practice where company executives sell shares to cover tax obligations arising from the vesting of stock awards. It doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Date of restricted shares grant. |
| 02/10/2025 | Date of stock sale to cover withholding taxes. |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Balchem Corp, BCPC, Insider Trading, Stock Sale, Executive Compensation, William A. Backus, Tax Withholding
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