Sestrick Michael Robert 4
4 · BALCHEM CORP · Filed Feb 12, 2024
Insider Transaction Report
Form 4
BALCHEM CORPBCPC
Sestrick Michael Robert
SVP & Chief Technology Officer
Transactions
- Award
Common Stock
2024-02-08+2,069→ 8,152 total - Tax Payment
Common Stock
2024-02-08$143.43/sh−1,104$158,347→ 7,048 total - Award
Stock Option
2024-02-08+2,000→ 2,000 totalExercise: $143.43Exp: 2034-02-08→ Common Stock (2,000 underlying) - Award
Common Stock
2024-02-08+610→ 6,083 total
Footnotes (5)
- [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 33 dividend equivalent shares) for the 2021-2023 performance period.
- [F4]1,104 of the 2,069 performance stock units that vested on February 8, 2024 were withheld to cover tax requirement due upon vesting.
- [F5]Options vest 20% Year 1; 40% Year 2: and 40% Year 3.