Carl Martin Bengtsson - 08 Feb 2023 Form 4 Insider Report for BALCHEM CORP (BCPC)

Role
EVP & Chief Financial Officer
Signature
/s/ Travis Larsen, Attorney in Fact for Carl Martin Bengtsson
Issuer symbol
BCPC
Transactions as of
08 Feb 2023
Net transactions value
-$242,900
Form type
4
Filing time
10 Feb 2023, 19:34:52 UTC
Previous filing
15 Feb 2022
Next filing
15 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BCPC Common Stock Award $0 +1,620 +12% $0.000000 15,130 08 Feb 2023 Direct F1, F2
transaction BCPC Common Stock Award $0 +3,372 +22% $0.000000 18,502 08 Feb 2023 Direct F3
transaction BCPC Common Stock Tax liability $242,900 -1,759 -9.5% $138.09* 16,743 08 Feb 2023 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BCPC Stock Option Award $0 +5,500 $0.000000 5,500 08 Feb 2023 Common Stock 5,500 $138.09 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Ownership of restricted stock vests in Reporting Person 3 years following the grant date, subject to restrictions on transfer in accordance with the provisions of a Restricted Stock Grant Agreement between the Issuer and the Reporting Person.
F2 Includes acquisition of shares under the Balchem Corporation 401(k) plan.
F3 Represents the vesting of performance stock units (includes 50 dividend equivalent shares) for the 2020-2022 performance period.
F4 1,759 of the 3,372 performance stock units that vested on February 8, 2023 were withheld to cover tax requirement due upon vesting.
F5 Options vest 20% Year 1; 40% Year 2: and 40% Year 3.

Remarks:

Exhibit 24 - Power of Attorney is attached.