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Companies Balchem

Balchem (BCPC): executive pay, fiscal 2025

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CEO total pay$7,894,874CEO Ted Harris · source
Say-on-pay support97.96%Latest vote · source
CEO vs. named peers50th pct.Of 21 peer CEOs
CEO pay ratio135:1To the median employee · source

CEO pay, last three years

  • $5,889,707FY2023
  • $6,872,769FY2024
  • $7,894,874FY2025

CEO total pay was $7,894,874 in fiscal 2025, up from $6,872,769 in fiscal 2024.

FY2025: salary $1,198,269 · bonus $0 · stock awards $3,150,886 · option awards $1,050,385

Frequently asked questions

Who was the highest-paid executive at Balchem in fiscal 2025?
As disclosed, Ted Harris (Chairman, President and Chief Executive Officer) was the highest-paid executive at Balchem in fiscal 2025, with total compensation of $7,894,874.
How does Balchem's chief executive pay compare to its disclosed peer group?
As disclosed, Ted Harris's total compensation ranked at the 50th percentile of Balchem's disclosed peer group.
What is Balchem's CEO-to-median employee pay ratio?
As disclosed, Balchem's CEO-to-median employee pay ratio was 135:1.
How did shareholders vote on Balchem's executive compensation?
As disclosed, 97.96% of shareholders supported Balchem's executive compensation in the latest say-on-pay vote.
How much does Balchem spend in total on board compensation for fiscal 2025?
As disclosed, Balchem reported total board compensation of $1,460,976 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Ted Harris$1,198,269$0$3,150,886$1,050,385$2,439,154$0$56,180$7,894,874
Chairman, President and Chief Executive Officer
C. Martin Bengtsson614,36201,126,222376,184818,979039,1502,974,897
Executive Vice President and Chief Financial Officer
Hatsuki Miyata526,1680877,884293,131655,566039,6162,392,365
Executive Vice President, Chief Legal Officer and Secretary
Frederic Boned542,2650752,927254,047671,452031,8002,252,491
Senior Vice President and General Manager, Human Nutrition and Health
M. Brent Tignor446,6830615,310205,191476,107037,3501,780,641
Senior Vice President and Chief Human Resources Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Ted Harris$7,894,874$6,872,769$5,889,707↑ +1,022,105
C. Martin Bengtsson2,974,8972,408,3751,783,626↑ +566,522
Hatsuki Miyata2,392,3651,564,8441,117,423↑ +827,521
Frederic Boned2,252,4911,882,0901,138,204↑ +370,401
M. Brent Tignor1,780,641———

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Balchem's compensation philosophy is designed to attract and retain key executives by establishing a direct link between executive compensation and company performance, rewarding individual results and the achievement of annual corporate goals through salary and cash bonus awards, and providing equity awards to incentivize executives to generate enhanced shareholder value. The Company favors a 'pay for performance' approach where a significant percentage of executive compensation is variable and tied to corporate performance.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantPearl Meyer & Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
C. Martin BengtssonPSU2025-02-12—7,700——$1,502,406
Frederic BonedPSU2025-02-12—5,200——1,006,973
Ted HarrisPSU2025-02-12—21,500——4,201,270
Hatsuki MiyataPSU2025-02-12—6,000——1,171,015
M. Brent TignorPSU2025-02-12————820,502

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
C. Martin Bengtsson$0$1,502,406$0100.0%
Frederic Boned01,006,9730100.0%
Ted Harris04,201,2700100.0%
Hatsuki Miyata01,171,0150100.0%
M. Brent Tignor0820,5020100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
M. Brent TignorRSU660—$101,218
Frederic BonedRSU770—118,087
Hatsuki MiyataRSU770—118,087
M. Brent TignorRSU900—138,024
M. Brent TignorOption920138.09—
Frederic BonedOption1,040138.09—
Hatsuki MiyataOption1,040138.09—
Hatsuki MiyataRSU1,160—177,898
M. Brent TignorPSU1,220—187,099
M. Brent TignorRSU1,290—197,834
Frederic BonedRSU1,380—211,637
Frederic BonedPSU1,420—217,771
Hatsuki MiyataPSU1,420—217,771
Frederic BonedRSU1,580—242,309
M. Brent TignorPSU1,590—243,842
C. Martin BengtssonRSU1,620—248,443
Hatsuki MiyataRSU1,840—282,182
Hatsuki MiyataPSU2,050—314,388
C. Martin BengtssonRSU2,100—322,056
C. Martin BengtssonOption2,200138.09—
M. Brent TignorOption2,320143.43—
C. Martin BengtssonRSU2,360—361,930
Frederic BonedPSU2,440—374,198
M. Brent TignorPSU2,600—398,736
C. Martin BengtssonPSU2,980—457,013
Hatsuki MiyataOption3,040143.43—
Frederic BonedPSU3,180—487,685
Frederic BonedOption3,600143.43—
Hatsuki MiyataPSU3,710—568,966
C. Martin BengtssonPSU3,720—570,499
M. Brent TignorOption4,200159.18—
C. Martin BengtssonPSU4,760—729,994
Frederic BonedOption5,200159.18—
C. Martin BengtssonOption5,440143.43—
Hatsuki MiyataOption6,000159.18—
Ted HarrisRSU6,280—963,101
Ted HarrisRSU6,600—1,012,176
Ted HarrisRSU6,650—1,019,844
C. Martin BengtssonOption7,700159.18—
Ted HarrisOption8,480138.09—
Ted HarrisPSU11,550—1,771,308
Ted HarrisPSU11,770—1,805,047
Ted HarrisPSU13,320—2,042,755
Ted HarrisOption17,200143.43—
Ted HarrisOption21,500159.18—
Ted HarrisOption32,500138.28—
Ted HarrisOption32,500144.57—
Ted HarrisOption32,500150.85—
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Matthew WineingerIndependent · Lead Independent Director · Audit · Compensation (Chair) · Executive (Chair)$115,000$155,996——$0$270,996
Daniel KnutsonIndependent · Audit (Chair) · Compensation95,000155,996——0250,996
Kathleen FishIndependent · Compensation · Governance (Chair) · Executive90,000155,996——0245,996
David FischerIndependent · Executive · Compensation · Governance75,000155,996——0230,996
Olivier RigaudIndependent · Audit · Governance75,000155,996——0230,996
Monica VicenteIndependent · Audit · Governance75,000155,996——0230,996

Board fee structure and ownership guideline

Annual cash retainer$75,000
Annual equity retainer$155,996
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000 / 15,000
Stock ownership guidelinewe believe that the stock ownership guidelines we have in place provide a considerable incentive for management to consider the Company’s long-term interests in both their short- and long-term decisions.

Total cost of the board

ComponentFY2025
Cash retainers and fees$525,000
Equity awards (grant-date value)$935,976
All other compensation$0
Total cost of the board$1,460,976

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Balchem as a peer

Companies that benchmark against BCPC

8 companies name BCPC as a compensation peer

Each company listed discloses BCPC in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named BCPC in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Balchem names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Element Solutions2025Benjamin H. Gliklich$1,087,500$23,688,894$0$1,520,947$26,480,462
2Stepan Co.2026Tomer Weingarten700,00014,564,6760840,00016,934,559
3Ingevity Corp.2025David Li810,6858,500,0862,000,0071,293,60012,839,719
4FMC Corp.2025Pierre Brondeau1,334,1256,257,9192,373,4201,798,26112,038,391
5Celsius Holdings2025John Fieldly1,016,5006,648,39601,899,2409,607,616
6Cabot Corp.2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
7H.B. Fuller Co.2025Celeste Mastin1,082,6922,971,9763,025,5381,339,8918,830,569
8Sensient Technologies2025Paul Manning1,080,0004,750,07601,842,0648,665,993
9Innospec Inc.2025Patrick Williams1,380,5485,285,62301,365,3368,252,747
10Balchem2025Ted Harris1,198,2693,150,8861,050,3852,439,1547,894,874
11Minerals Technologies2025Douglas Dietrich1,050,0002,310,022768,8032,891,1607,405,693
12CSW Industrials2026Joseph Armes925,0004,938,00101,286,9767,273,615
13Hexcel2025Thomas Gentile III1,100,0003,374,9611,685,259923,2307,252,875
14Azek Company2024Jesse Singh850,6283,140,196900,0161,365,0306,339,248
15Avient Corp.2025Ashish Khandpur1,128,2693,763,1590753,7775,818,257
16Hain Celestial Group2025Wendy Davidson789,8083,530,682004,546,417
17The Simply Good Foods Co.2025Geoff Tanner816,6672,747,758—748,0004,330,633
18J&J Snack Foods Corp.2025Daniel Fachner1,021,9232,059,9740834,3003,978,648
19Quaker Chemical Corp.2025Joseph Berquist800,0002,420,3190461,8403,709,451
—MGP Ingredients——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Balchemnot disclosedPSU 50 · Option 25 · RSU 25not disclosedPearl Meyer & Partners, LLC
Avient Corp.51.6%not disclosednot disclosednot disclosed
Azek Companynot disclosedPSU 50 · RSU 25 · Option 25not disclosedFrederic W. Cook & Co., Inc.
Cabot Corp.90%not disclosedNoMeridian Compensation Partners
Celsius Holdingsnot disclosedPSU 50 · RSU 50not disclosedFarient Advisors
CSW Industrialsnot disclosedPSU 60 · RSU 40not disclosedWTW
Element Solutions126%PRSU 67 · RSU 33NoFW Cook
FMC Corp.not disclosednot disclosedYesAon
H.B. Fuller Co.not disclosednot disclosednot disclosedWillis Towers Watson US LLC
Hain Celestial Groupnot disclosedRSU 50 · PSU 50Yes — Relative TSR versus the S&P Food & Beverage Select Industry IndexClearBridge Compensation Group, LLC
Hexcel76.3%not disclosedNoSemler Brossy
Ingevity Corp.not disclosedPSU 50 · RSU 50not disclosedPearl Meyer
Innospec Inc.not disclosednot disclosednot disclosedWillis Towers Watson
J&J Snack Foods Corp.not disclosednot disclosednot disclosednot disclosed
MGP Ingredientsnot disclosednot disclosednot disclosednot disclosed
Minerals Technologiesnot disclosednot disclosednot disclosedFW Cook
Quaker Chemical Corp.not disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners
Sensient Technologiesnot disclosedPSU 60 · Restricted Stock 40not disclosedWillis Towers Watson
Stepan Co.96%RSU 60 · PSU 40NoAon
The Simply Good Foods Co.not disclosedPSU 50 · RSU 50not disclosedMercer

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-1826,636,456554,01938,03797.96%Passed
20252025-06-1825,454,8631,685,14349,25893.79%Passed
20242024-06-2027,117,930813,59235,41997.09%Passed
20232023-06-2326,328,903997,64439,46596.35%Passed
20212021-06-1726,497,4491,089,06449,23696.05%Passed
20202020-06-1826,165,157793,66147,03697.06%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-06-1897.96%a
20252025-06-1893.79%b
20242024-06-2097.09%c

a. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast and will have no effect on the outcome of the vote.”.

b. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast and will have no effect on the outcome of the vote.”.

c. Approved under the standard stated in the filing — “Abstentions will not be counted as votes cast and will have no effect on the outcome of the vote for Proposal 2.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)135 : 1
CEO total compensation$7,894,874
Median employee compensation$58,406
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (46 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Ted Harris. DEF 14A, filed 2026-04-27. Section “Summary Compensation Table” · page 48. As printed: 7,894,874. View filing ↗
  • Section 01, C. Martin Bengtsson. DEF 14A, filed 2026-04-27. Section “Summary Compensation Table”. As printed: 2,974,897. View filing ↗
  • Section 01, Hatsuki Miyata. DEF 14A, filed 2026-04-27. Section “Summary Compensation Table”. As printed: 2,392,365. View filing ↗
  • Section 01, Frederic Boned. DEF 14A, filed 2026-04-27. Section “Summary Compensation Table”. As printed: 2,252,491. View filing ↗
  • Section 01, M. Brent Tignor. DEF 14A, filed 2026-04-27. Section “Summary Compensation Table” · page 48. As printed: 1,780,641. View filing ↗
  • Section 03, C. Martin Bengtsson PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Frederic Boned PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Ted Harris PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, Hatsuki Miyata PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 03, M. Brent Tignor PSU. DEF 14A, filed 2026-04-27. Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-04-27. Section “CEO Pay Ratio”. As printed: 135 : 1. View filing ↗
  • Section 08, Matthew Wineinger. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 270,996. View filing ↗
  • Section 08, Daniel Knutson. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 250,996. View filing ↗
  • Section 08, Kathleen Fish. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 245,996. View filing ↗
  • Section 08, David Fischer. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 230,996. View filing ↗
  • Section 08, Olivier Rigaud. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 230,996. View filing ↗
  • Section 08, Monica Vicente. DEF 14A, filed 2026-04-27. Section “Director Compensation”. As printed: 230,996. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-06-22. Item 5.07 · say-on-pay result. As reported: 97.96% (votes for as printed: 26,636,456). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-06-20. Item 5.07 · say-on-pay result. As reported: 93.79% (votes for as printed: 25,454,863). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-06-24. Item 5.07 · say-on-pay result. As reported: 97.09% (votes for as printed: 27,117,930). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 525,000 + equity 935,976 + all other 0 = 1,460,976, summed across the director compensation table rows.
  • Element Solutions, Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in Element Solutions's own proxy. As printed: 26,480,462. View filing ↗
  • Stepan Co., Section 10b CEO total. DEF 14A, filed 2026-05-13. CEO total compensation as printed in Stepan Co.'s own proxy. As printed: 16,934,559. View filing ↗
  • Ingevity Corp., Section 10b CEO total. DEF 14A, filed 2026-03-17. CEO total compensation as printed in Ingevity Corp.'s own proxy. As printed: 12,839,719. View filing ↗
  • FMC Corp., Section 10b CEO total. DEF 14A, filed 2026-03-13. CEO total compensation as printed in FMC Corp.'s own proxy. As printed: 12,038,391. View filing ↗
  • Celsius Holdings, Section 10b CEO total. DEF 14A, filed 2026-04-14. CEO total compensation as printed in Celsius Holdings's own proxy. As printed: 9,607,616. View filing ↗
  • Cabot Corp., Section 10b CEO total. DEF 14A, filed 2026-01-27. CEO total compensation as printed in Cabot Corp.'s own proxy. As printed: 9,307,883. View filing ↗
  • H.B. Fuller Co., Section 10b CEO total. DEF 14A, filed 2026-03-04. CEO total compensation as printed in H.B. Fuller Co.'s own proxy. As printed: 8,830,569. View filing ↗
  • Sensient Technologies, Section 10b CEO total. DEF 14A, filed 2026-03-11. CEO total compensation as printed in Sensient Technologies's own proxy. As printed: 8,665,993. View filing ↗
  • Innospec Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Innospec Inc.'s own proxy. As printed: 8,252,747. View filing ↗
  • Balchem (subject), Section 10b CEO total. DEF 14A, filed 2026-04-27. CEO total compensation as printed in Balchem's own proxy. As printed: 7,894,874. View filing ↗
  • Minerals Technologies, Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Minerals Technologies's own proxy. As printed: 7,405,693. View filing ↗
  • CSW Industrials, Section 10b CEO total. DEF 14A, filed 2026-07-16. CEO total compensation as printed in CSW Industrials's own proxy. As printed: 7,273,615. View filing ↗
  • Hexcel, Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Hexcel's own proxy. As printed: 7,252,875. View filing ↗
  • Azek Company, Section 10b CEO total. DEF 14A, filed 2025-01-13. CEO total compensation as printed in Azek Company's own proxy. As printed: 6,339,248. View filing ↗
  • Avient Corp., Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Avient Corp.'s own proxy. As printed: 5,818,257. View filing ↗
  • Hain Celestial Group, Section 10b CEO total. DEF 14A, filed 2025-09-18. CEO total compensation as printed in Hain Celestial Group's own proxy. As printed: 4,546,417. View filing ↗
  • The Simply Good Foods Co., Section 10b CEO total. DEF 14A, filed 2025-12-17. CEO total compensation as printed in The Simply Good Foods Co.'s own proxy. As printed: 4,330,633. View filing ↗
  • J&J Snack Foods Corp., Section 10b CEO total. DEF 14A, filed 2026-01-02. CEO total compensation as printed in J&J Snack Foods Corp.'s own proxy. As printed: 3,978,648. View filing ↗
  • Quaker Chemical Corp., Section 10b CEO total. DEF 14A, filed 2026-03-31. CEO total compensation as printed in Quaker Chemical Corp.'s own proxy. As printed: 3,709,451. View filing ↗
  • Section 10a, Element Solutions reciprocity. DEF 14A. Element Solutions names Balchem in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Quaker Chemical Corp. reciprocity. DEF 14A. Quaker Chemical Corp. names Balchem in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ingevity Corp. reciprocity. DEF 14A. Ingevity Corp. names Balchem in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Sensient Technologies reciprocity. DEF 14A. Sensient Technologies names Balchem in its own disclosed peer group (read from its most recent proxy). View filing ↗
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