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PHIBRO ANIMAL HEALTH CORP·4

Apr 23, 7:30 PM ET

BENDHEIM JACK 4

Research Summary

AI-generated summary

Updated

Phibro (PAHC) 10% Owner Jack Bendheim Sells Shares

What Happened

  • Jack Bendheim, a 10% owner, director and officer of Phibro Animal Health Corp (PAHC), sold a total of 21,120 shares in open-market transactions across April 21–23, 2026 for aggregate proceeds of about $1,157,092. Individual reported transactions:
    • 4/21/2026: 1,625 shares at $55.35 — $89,944
    • 4/21/2026: 5,415 shares at $56.17 — $304,137
    • 4/22/2026: 7,040 shares at $54.29 — $382,185
    • 4/23/2026: 6,619 shares at $54.07 — $357,857
    • 4/23/2026: 421 shares at $54.56 — $22,969
  • These were sales (not purchases), which are commonly routine disposition transactions; they do not imply company performance or insider sentiment on their own.

Key Details

  • Transaction dates and prices: Apr 21–23, 2026; per-trade prices and totals listed above. Several prices are reported as weighted averages (see footnotes for price ranges).
  • Total sold: 21,120 shares for ≈ $1,157,092.
  • Shares owned after transaction: Not specified in the Form 4; filing reports that some securities are held directly by BFI Co., LLC and some directly by Mr. Bendheim (see footnotes).
  • Notable footnotes:
    • F1: Sales effected pursuant to a Rule 10b5‑1 trading plan adopted by BFI Co., LLC on Dec 11, 2025 (pre‑scheduled sales).
    • F2–F7: Prices are weighted averages; the shares were sold in multiple trades at prices in the ranges noted in the filing.
    • F3/F8: Some reported securities are directly held by BFI (BFI is controlled by Mr. Bendheim) and some are directly held by Mr. Bendheim; he disclaims beneficial ownership except to the extent of his pecuniary interest.
  • Filing timeliness: Form 4 was filed on Apr 23, 2026 covering transactions Apr 21–23, 2026; the filing shows no indication of being late.

Context

  • These sales were executed under a Rule 10b5‑1 plan, which typically means they were pre‑arranged and scheduled in advance rather than opportunistic market timing by the insider. As a 10% owner and controller of BFI, Mr. Bendheim’s transactions reflect dispositions by an affiliated entity as well as direct holdings reported in the filing.