PHIBRO (PAHC) 10% Owner Jack Bendheim Sells 2,303 Shares

What Happened
Jack Bendheim, a reporting person who is a director, officer and a 10% owner of Phibro Animal Health Corp (PAHC), disposed of 2,303 shares on 2026-08-04 at $36.60 per share, generating proceeds of $84,287. The sale was reported on a Form 4 filed 2026-08-06.

Key Details

• Transaction date and price: 2026-08-04 — 2,303 shares sold at $36.60 each (total $84,287).
• Transaction code: J (other acquisition or disposition); footnote clarifies this was a broker-assisted cashless sale to satisfy tax withholding.
• Footnote F1: Shares were sold in a broker-assisted cashless exercise program to cover tax withholding upon receipt of Class A common stock from vesting/settlement of restricted stock units (RSUs).
• Footnote F2: The reported securities from this transaction are directly held by Jack Bendheim.
• Footnote F3: Separately, some reported securities are held by BFI Co., LLC; Mr. Bendheim exercises voting/dispositive power over BFI but disclaims beneficial ownership except to the extent of pecuniary interest.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed two days after the transaction (filed 2026-08-06 for a 2026-08-04 transaction), which is within the typical Form 4 reporting window.

Context

• This was a tax-withholding sale tied to the vesting/settlement of RSUs (cashless sale to cover taxes), a common administrative transaction that doesn’t necessarily signal a change in insider sentiment.
• As a 10% owner who is also a director/officer, Bendheim’s transactions are reportable and may reflect routine tax or compensation-related activity rather than discretionary market selling.