BALCHEM CORP filed this 4/A on April 11, 2025
BALCHEM CORP - 4/A - 20250411 - EXPLANATIONS_AND_REMARKS
Explanation of Responses:
(1) Ownership of restricted stock vests in Reporting Person ratably over a 3 year period (25% on the first anniversary of the grant date, 25% on the second anniversary of the grant date, and 50% on the third anniversary of 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.
(2) Represents the vesting of performance stock units (includes 34 dividend equivalent shares) for the 2022-2024 performance period.
(3) 1,073 of the 2,067 performance stock units that vested on February 13, 2025 were withheld to cover tax requirement due upon vesting.
(4) Options vest 20% Year 1; 40% Year 2: and 40% Year 3.

Remarks:
This Form 4/A amends and restates the original Form 4 filed on February 14, 2025, which inadvertently noted the vesting period for restricted stock as 3 years from the grant date, instead of a ratable vesting over a 3-year period.