Form 4: Balchem Corp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Robert Sestrick, SVP & Chief Technology Officer of Balchem Corp, disposed of shares to cover withholding taxes upon vesting of restricted shares.
Summary
- On February 10, 2025, Michael Robert Sestrick, SVP & Chief Technology Officer of Balchem Corporation, disposed of 305 shares of common stock to cover withholding taxes.
- The shares were sold at a price of $159.39 per share.
- Following the transaction, Sestrick directly owns 3,791 shares of Balchem Corp common stock.
- Sestrick also indirectly owns 848 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate any strategic shift or concern.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations arising from vested shares, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Date of restricted shares grant |
| 02/10/2025 | Date of transaction (share disposal) |
| 02/12/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Balchem Corp, BCPC, Insider Trading, Sestrick, Share Disposal, Tax Withholding, Executive Compensation
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