Form 4: Balchem Corp Executive Michael Brent Tignor Exercises Stock Options and Sells Shares
SEC Form 4
Michael Brent Tignor, SVP & Chief HR Officer of Balchem Corp, exercised stock options and sold shares on March 8, 2024.
Summary
- On March 8, 2024, Michael Brent Tignor, SVP & Chief HR Officer of Balchem Corp, exercised 4,200 stock options at a price of $85.40.
- Following the exercise, Tignor sold 3,261 shares at a weighted average price of $157.0675 and 2,078 shares at a weighted average price of $158.2233.
- After these transactions, Tignor beneficially owns 8,368 shares of Balchem Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard insider transaction and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions. It's common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 02/21/2018 | 20% of stock options vested |
| 02/21/2019 | 40% of stock options vested |
| 02/21/2020 | 40% of stock options vested |
| 02/21/2027 | Expiration date of stock options |
| 03/08/2024 | Date of stock option exercise and share sales |
| 03/12/2024 | Date of Form 4 filing |
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