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BALCHEM CORP·4

Feb 13, 5:59 PM ET

Tignor Michael Brent 4

Research Summary

AI-generated summary

Updated

Balchem (BCPC) SVP Michael Tignor Receives Awards; Shares Withheld

What Happened

  • Michael Brent Tignor, SVP & Chief HR Officer of Balchem Corp (BCPC), received equity awards/vested shares and had shares withheld to cover tax withholding. On Feb 11, 2026 he was credited with 1,200 restricted shares (recorded at $0), 1,929 performance stock units (PSUs) that vested (recorded at $0), and a derivative award of 4,400 shares (recorded at $0). To satisfy tax withholding obligations, 991 of the vested PSUs were withheld on Feb 11 (priced at $178.68, proceeds $177,072) and 165 restricted shares were withheld on Feb 12 (priced at $177.49, proceeds $29,286). Total shares withheld: 1,156; total withholding value: $206,358.
  • These were awards/vesting events (A) with withholding disposed shares (F) — not open‑market sales by the insider.

Key Details

  • Transaction dates and amounts:
    • Feb 11, 2026: +1,200 restricted shares (A) at $0; +1,929 PSUs vesting (A) at $0; 991 shares withheld (F) at $178.68 → $177,072.
    • Feb 12, 2026: 165 shares withheld (F) at $177.49 → $29,286.
    • Feb 11, 2026: +4,400 derivative award (A) at $0 (likely options/other derivative).
  • Shares withheld for taxes: 1,156 shares; total withholding value: $206,358.
  • Vesting and award notes from filing:
    • Restricted stock vests 25%/25%/50% over 3 years (F1).
    • PSUs represent the 2023–2025 performance period and include 31 dividend-equivalent shares (F2); 991 of 1,929 PSUs were withheld for taxes (F3).
    • The 165-share withholding relates to restricted shares granted 2/12/2025 (F4).
    • The derivative award follows a 20%/40%/40% vesting schedule (F5).
  • Filing date: Form 4 filed Feb 13, 2026 (two business days after Feb 11), which appears to be timely.

Context

  • These transactions are award/vesting events and mandatory tax withholdings — routine compensation-related activity rather than voluntary market sales or purchases. The withheld shares were surrendered to cover taxes, not sold on the open market by the insider.
  • The derivative award (4,400) is subject to multi-year vesting per the schedule provided; no option exercise or open-market trades were reported here.