Form 4: Balchem Corp Executive Sestrick Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
Michael Robert Sestrick, SVP & Chief Technology Officer of Balchem Corp, reports the vesting of performance stock units and subsequent tax withholding.
Summary
- Michael Robert Sestrick, SVP & Chief Technology Officer of Balchem Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 13, 2025, Sestrick acquired 2,016 shares of common stock through the vesting of performance stock units.
- 1,045 of these shares were then disposed of to cover tax obligations at a price of $163.14 per share.
- Following these transactions, Sestrick directly owns 4,762 shares of common stock and indirectly owns 848 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions related to executive compensation, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Stakeholder Impact
- The vesting of stock units aligns executive interests with shareholder value.
- Tax withholding impacts the executive's net compensation.
Key Dates
| Date | Description |
|---|---|
| 02/12/2025 | Date of earliest transaction |
| 02/13/2025 | Vesting of performance stock units and tax withholding |
| 02/14/2025 | Date of signature for the Form 4 filing |
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