4/A: Balchem Corp Executive Theodore L. Harris Reports Stock Transactions and Amended Vesting Details

Theodore L. Harris, Chairman, President & CEO of Balchem Corp, reports acquisition and disposal of common stock and stock options, along with an amendment to the vesting schedule of restricted stock.

Summary

• Theodore L. Harris, Chairman, President & CEO of Balchem Corp, filed an amended Form 4/A detailing changes in beneficial ownership.
• On February 12, 2025, Harris acquired 6,600 shares of common stock at $0 and 21,500 stock options with an exercise price of $159.18, exercisable from February 12, 2025, to February 12, 2035.
• On February 13, 2025, he acquired 22,364 shares of common stock at $0 due to the vesting of performance stock units and disposed of 11,442 shares at $163.14 to cover tax requirements.
• The amended filing corrects the vesting period for restricted stock, clarifying it vests ratably over three years instead of three years from the grant date.
• Following these transactions, Harris directly owns 79,159 shares of common stock and indirectly owns 1,866 shares through a 401(k) plan, along with 21,500 stock options.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing of stock transactions. The vesting of performance stock units is a slightly positive indicator.

Positives

• The acquisition of 22,364 shares due to the vesting of performance stock units suggests positive performance during the 2022-2024 period.

Industry Context

Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the buying and selling activities of company executives and directors. This filing is an amendment to correct a previous error.

Stakeholder Impact

• The disclosure of insider transactions provides transparency to shareholders.

Key Dates

Keywords

Balchem Corp, Theodore L. Harris, stock options, common stock, Form 4, beneficial ownership, vesting, performance stock units