BALCHEM CORP filed this 4 on February 13, 2026
BALCHEM CORP - 4 - 20260213 - EXPLANATIONS_AND_REMARKS
Explanation of Responses:
(1) Ownership of restricted stock vests in Reporting Person 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 39 dividend equivalent shares) for the 2023-2025 performance period.
(3) 1,085 of the 2,359 performance stock units that vested on February 11, 2026 were withheld to cover tax requirement due upon vesting.
(4) Reflects shares that were withheld to cover withholding taxes due upon vesting of restricted shares (granted on 2/12/2025).
(5) Options vest 20% Year 1, 40% Year 2, and 40% Year 3.