Form 4: Balchem Corp Executive Sells Shares to Cover Tax Obligations

Job Leonard van Gunsteren, SVP and GM of Specialty Products at Balchem Corp, disposed of 258 shares of common stock to cover withholding taxes due upon the vesting of restricted shares.

Summary

• On February 10, 2025, Job Leonard van Gunsteren, an SVP and GM at Balchem Corporation, disposed of 258 shares of common stock.
• The transaction was executed to cover withholding taxes related to the vesting of restricted shares granted on February 10, 2022.
• The shares were sold at a price of $159.39 per share.
• Following the transaction, van Gunsteren directly owns 8,282 shares of Balchem Corp common stock.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal occurrence and doesn't necessarily indicate a positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This transaction appears to be a standard sale to cover tax obligations, which is a common practice.

Stakeholder Impact

• The impact on shareholders is likely minimal, as this is a small transaction related to tax obligations.

Key Dates

Keywords

Balchem Corp, Job Leonard van Gunsteren, Form 4, Insider Trading, Share Disposal, Tax Withholding, BCPC, Specialty Products