Backus William A. 4

What Happened

• William A. Backus, VP & Chief Accounting Officer of Balchem Corp (BCPC), had 383 shares disposed on April 1, 2025 to satisfy tax withholding related to vested restricted shares. The shares were disposed at $167.24 each, for a total value of $64,053.
• This was a tax-withholding disposition (transaction code F), not an open-market sale for investment purposes.

Key Details

• Transaction date: 2025-04-01; Price: $167.24 per share; Total disposed: 383 shares / $64,053.
• Transaction type: F = payment of exercise price or tax liability (here, shares withheld to cover withholding taxes on vesting).
• Source of shares: Restricted shares granted on 4/1/2022 that vested, with shares withheld to cover taxes (footnote F2).
• Shares owned after the transaction: Not specified in the provided data; filing notes shares held in the reporting person’s 401(k) as of 4/1/2025 (footnote F3).
• Filing: Report filed 2026-02-10 covering the 2025-04-01 transaction; filing was inadvertently late due to an administrative error (footnote F1). Timeliness: L (late).

Context

• Tax-withholding dispositions are routine administrative events when restricted stock vests and do not necessarily indicate insider sentiment about the company. The filing simply documents that shares were surrendered to satisfy tax obligations rather than an active decision to sell on the open market.