Form 4: Balchem Corp Executive Theodore L Harris Reports Stock Transactions

Theodore L Harris, Chairman, President & CEO of Balchem Corp, reports acquisition and disposal of common stock and stock options.

Summary

• Theodore L Harris, Chairman, President & CEO of Balchem Corporation, filed a Form 4 detailing changes in beneficial ownership.
• On February 12, 2025, Harris acquired 6,600 shares of common stock.
• On February 13, 2025, Harris acquired 22,364 shares of common stock due to the vesting of performance stock units.
• Also on February 13, 2025, 11,442 shares were disposed of to cover tax requirements upon vesting of the performance stock units at a price of $163.14.
• Harris also acquired 21,500 stock options with an exercise price of $159.18 on February 12, 2025, which expire on February 12, 2035.
• Following these transactions, Harris directly owns 79,159 shares of common stock and indirectly owns 1,866 shares through a 401(k) plan.
• Harris also directly owns 21,500 derivative securities.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There's no indication of unusual activity or concern.

Positives

• The acquisition of 22,364 shares due to vesting of performance stock units suggests the company met certain performance goals.

Negatives

• The disposal of 11,442 shares to cover tax obligations, while standard, represents a reduction in Harris's holdings.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates