Backus William A., VP & Chief Accounting Officer, has demonstrated a clear selling bias in his trading activity involving Balchem Corporation (BCPC), the only company in which he has reported transactions. Over 28 filings, his total sell value of $5.63 million significantly outweighs his $1.65 million in buys, with all eight of his most recent transactions being sales or dispositions. The bulk of his selling occurred in February 2024, including a $2.19 million sale on February 21 and a $1.05 million sale on February 23, alongside smaller dispositions. These were supplemented by market purchases (code M) totaling $1.65 million during the same period, likely related to option exercises.
More recently, Backus has shifted to smaller transactions focused on derivative dispositions (code F), with sales of $175,049 on February 13, 2025, and $154,558 on February 11, 2026. His only non-derivative sale in the past two years was a $15,613 transaction on February 26, 2024. The absence of any recent purchases suggests a continued reduction in his BCPC holdings, though the derivative-related filings indicate ongoing equity-linked compensation activity. The pattern reflects a long-term trend of net divestment, with no buys reported since early 2024.
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