Form 4: Balchem Corp Executive Theodore L. Harris Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Chairman, President, and CEO of Balchem Corp, Theodore L. Harris, disposed of shares to cover withholding taxes upon vesting of restricted shares.
Summary
- On February 10, 2025, Theodore L. Harris, Chairman, President, and CEO of Balchem Corp, disposed of 3,071 shares of common stock to cover withholding taxes due upon the vesting of restricted shares.
- The transaction was executed at a price of $159.39 per share.
- Following the transaction, Harris directly owns 61,637 shares of common stock and indirectly owns 1,866 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects 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 filing indicates a standard practice of covering tax obligations related to vested equity.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Date of grant for the restricted shares that vested. |
| 02/10/2025 | Date of the transaction (disposal of shares). |
| 02/12/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Balchem Corp, BCPC, Theodore L. Harris, Insider Trading, Stock Disposal, Tax Withholding, Restricted Shares, Executive Compensation
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