Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-06-22

Balchem (BCPC)

CEO Ted Harris was paid $7,894,874 in fiscal year 2025: executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$7,894,874
Ted Harris total, FY2025
56th
CEO pay percentile vs peers
135:1
CEO-to-median pay ratio
97.96%
Say-on-pay support, latest vote

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Companies that benchmark against BCPC
5 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.

01

Summary Compensation Table — fiscal year 2025

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.

02

Equity transactions since the proxy statement was filed

No insider equity transactions reported since the proxy statement.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
HarrisPSU11,550—$1,771,308
C. Martin BengtssonPSU3,720—570,499
HarrisRSU6,650—1,019,844
HarrisPSU13,320—2,042,755
HarrisPSU11,770—1,805,047
Hatsuki MiyataPSU3,710—568,966
HarrisRSU6,600—1,012,176
HarrisRSU6,280—963,101
C. Martin BengtssonPSU4,760—729,994
Frederic BonedPSU3,180—487,685
C. Martin BengtssonPSU2,980—457,013
M. Brent TignorPSU2,600—398,736
Frederic BonedPSU2,440—374,198
C. Martin BengtssonRSU2,360—361,930
C. Martin BengtssonRSU2,100—322,056
Hatsuki MiyataPSU2,050—314,388
Hatsuki MiyataRSU1,840—282,182
C. Martin BengtssonRSU1,620—248,443
M. Brent TignorPSU1,590—243,842
Frederic BonedRSU1,580—242,309
Frederic BonedPSU1,420—217,771
Hatsuki MiyataOption1,040138.09—
Hatsuki MiyataPSU1,420—217,771
Hatsuki MiyataRSU1,160—177,898
Frederic BonedRSU1,380—211,637
M. Brent TignorRSU1,290—197,834
M. Brent TignorPSU1,220—187,099
M. Brent TignorRSU900—138,024
Frederic BonedRSU770—118,087
Hatsuki MiyataRSU770—118,087
M. Brent TignorRSU660—101,218
HarrisOption32,500138.28—
HarrisOption32,500144.57—
HarrisOption32,500150.85—
HarrisOption8,480138.09—
HarrisOption17,200143.43—
HarrisOption21,500159.18—
C. Martin BengtssonOption5,440143.43—
C. Martin BengtssonOption2,200138.09—
C. Martin BengtssonOption7,700159.18—
Frederic BonedOption1,040138.09—
Frederic BonedOption3,600143.43—
Frederic BonedOption5,200159.18—
Hatsuki MiyataOption3,040143.43—
Hatsuki MiyataOption6,000159.18—
M. Brent TignorOption920138.09—
M. Brent TignorOption2,320143.43—
M. Brent TignorOption4,200159.18—
05

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
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
06

Say-on-pay — recent advisory votes

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.

07

CEO pay ratio

Ratio (CEO : median employee)135 : 1
CEO total compensation—
Median employee compensation$58,406
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Matthew WineingerIndependent · Audit · Compensation (Chair) · Executive (Chair)$115,000$155,996——$0$270,996
Daniel KnutsonIndependent · Audit (Chair) · Compensation95,000155,996——0250,996
Kathleen FishIndependent · Lead Independent Director · Compensation · Governance (Chair) · Executive90,000155,996——0245,996
Monica VicenteIndependent · Audit · Governance75,000155,996——0230,996
David FischerIndependent · Executive · Compensation · Governance75,000155,996——0230,996
Olivier RigaudIndependent · Audit · Governance75,000155,996——0230,996
Theodore HarrisEmployee director · Board Chair—————0
09

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.
09b

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.

10

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.

10a

Peer reciprocity

Of the companies Balchem names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Balchem.

10b

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
2Ingevity Corp.2025David Li810,6858,500,0862,000,0071,293,60012,839,719
3FMC Corp.2025Pierre Brondeau1,334,1256,257,9192,373,4201,798,26112,038,391
4Celsius Holdings2025John Fieldly1,016,5006,648,39601,899,2409,607,616
5Cabot Corp.2025Sean Keohane1,100,0004,224,8472,274,9251,402,5019,307,883
6H.B. Fuller Co.2025Celeste Mastin1,082,6922,971,9763,025,5381,339,8918,830,569
7Innospec Inc.2025Patrick Williams1,380,5485,285,62301,365,3368,252,747
8Balchem2025Ted Harris1,198,2693,150,8861,050,3852,439,1547,894,874
9Minerals Technologies2025Douglas Dietrich1,050,0002,310,022768,8032,891,1607,405,693
10Hexcel2025Thomas Gentile III1,100,0003,374,9611,685,259923,2307,252,875
11Avient Corp.2025Ashish Khandpur1,128,2693,763,1590753,7775,818,257
12MGP Ingredients2025Julie Francis398,0772,300,0081,655,571384,1644,980,533
13Hain Celestial Group2025Wendy Davidson789,8083,530,682004,546,417
14The Simply Good Foods Co.2025Geoff Tanner816,6672,747,7580748,0004,330,633
15Stepan Co.2025Luis Rojo940,0002,279,746800,003230,3004,327,042
16J&J Snack Foods Corp.2025Daniel Fachner1,021,9232,059,9740834,3003,978,648
17Quaker Chemical Corp.2025Joseph Berquist800,0002,420,3190461,8403,709,451
—Sensient Technologies——————not in coverage universe
—CSW Industrials——————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.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Balchemnot disclosedPSU 50 · Option 25 · Restricted Stock 25not disclosedPearl Meyer
Avient Corp.not disclosednot disclosednot disclosednot disclosed
Cabot Corp.90%not disclosedNoMeridian Compensation Partners
Celsius Holdingsnot disclosedPSU 50 · RSU 50not disclosedFarient Advisors
CSW Industrialsnot disclosednot disclosednot disclosednot disclosed
Element Solutions126%PSU 67 · RSU 33NoFW Cook
FMC Corp.not disclosednot disclosednot disclosedAon
H.B. Fuller Co.not disclosednot disclosednot disclosednot disclosed
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 disclosednot disclosednot disclosedPearl Meyer
Innospec Inc.not disclosednot disclosednot disclosedWillis Towers Watson
J&J Snack Foods Corp.not disclosednot disclosednot disclosednot disclosed
MGP Ingredients95%%not disclosedNoFW Cook
Minerals Technologiesnot disclosednot disclosednot disclosedFW Cook
Quaker Chemical Corp.not disclosedPSU 60 · RSU 40not disclosedMeridian Compensation Partners
Sensient Technologiesnot disclosednot disclosednot disclosednot disclosed
Stepan Co.not disclosedRSU 50 · SAR 25 · PSU 25not disclosedExequity LLP
The Simply Good Foods Co.not disclosednot disclosednot 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.

FAQ

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?
The filing shows that the chief executive's pay ranked at the 56th percentile of the 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?
The company reported that 97.96% of shareholders supported the executive compensation proposal in the latest vote.
How much does Balchem spend in total on board compensation for fiscal 2025?
The filing shows that total board compensation for fiscal 2025 was $1,460,976.

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.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Ted HarrisDEF 14A2026-04-270001140361-26-017099Section “Summary Compensation Table”. As printed: 7,894,874. Filing ↗
2Section 01, C. Martin BengtssonDEF 14A2026-04-270001140361-26-017099Section “Summary Compensation Table”. As printed: 2,974,897. Filing ↗
3Section 01, Hatsuki MiyataDEF 14A2026-04-270001140361-26-017099Section “Summary Compensation Table”. As printed: 2,392,365. Filing ↗machine: r11 · c28 · span 973139–973149
4Section 01, Frederic BonedDEF 14A2026-04-270001140361-26-017099Section “Summary Compensation Table”. As printed: 2,252,491. Filing ↗
5Section 01, M. Brent TignorDEF 14A2026-04-270001140361-26-017099Section “Summary Compensation Table”. As printed: 1,780,641. Filing ↗
6Section 07, pay ratioDEF 14A2026-04-270001140361-26-017099Section “CEO Pay Ratio”. As printed: 135 : 1. Filing ↗machine: span 1763433–1763436
7Section 08, Matthew WineingerDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 270,996. Filing ↗machine: span 583351–583560
8Section 08, Daniel KnutsonDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 250,996. Filing ↗machine: span 575748–575958
9Section 08, Kathleen FishDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 245,996. Filing ↗machine: span 572909–573119
10Section 08, Monica VicenteDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 230,996. Filing ↗machine: span 581025–581185
11Section 08, David FischerDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 230,996. Filing ↗machine: span 570515–570675
12Section 08, Olivier RigaudDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 230,996. Filing ↗machine: span 578236–578396
13Section 08, Theodore HarrisDEF 14A2026-04-270001140361-26-017099Section “Director Compensation”. As printed: 0. Filing ↗
14Section 06, 2026 voteForm 8-K2026-06-220001140361-26-025971Item 5.07 · say-on-pay result. As reported: 97.96% (votes for as printed: 26,636,456). Filing ↗
15Section 06, 2025 voteForm 8-K2025-06-200001140361-25-023176Item 5.07 · say-on-pay result. As reported: 93.79% (votes for as printed: 25,454,863). Filing ↗
16Section 06, 2024 voteForm 8-K2024-06-240001140361-24-031096Item 5.07 · say-on-pay result. As reported: 97.09% (votes for as printed: 27,117,930). Filing ↗
17Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
18Section 09b board cost (computed)Computed——Cash 525,000 + equity 935,976 + all other 0 = 1,460,976, summed across the director compensation table rows.machine: formula: Σ = 1,460,976
19Element Solutions, Section 10b CEO totalDEF 14A2026-03-230001590714-26-000034CEO total compensation as printed in Element Solutions's own proxy. As printed: 26,480,462. Filing ↗machine: r3 · c27 · span 596335–596345
20Ingevity Corp., Section 10b CEO totalDEF 14A2026-03-170001104659-26-029507CEO total compensation as printed in Ingevity Corp.'s own proxy. As printed: 12,839,719. Filing ↗
21FMC Corp., Section 10b CEO totalDEF 14A2026-03-130001308179-26-000056CEO total compensation as printed in FMC Corp.'s own proxy. As printed: 12,038,391. Filing ↗machine: r1 · c18 · span 737212–737222
22Celsius Holdings, Section 10b CEO totalDEF 14A2026-04-140001193125-26-154918CEO total compensation as printed in Celsius Holdings's own proxy. As printed: 9,607,616. Filing ↗machine: r4 · c39 · span 882165–882175
23Cabot Corp., Section 10b CEO totalDEF 14A2026-01-270001193125-26-023681CEO total compensation as printed in Cabot Corp.'s own proxy. As printed: 9,307,883. Filing ↗machine: r3 · c39 · span 853934–853943
24H.B. Fuller Co., Section 10b CEO totalDEF 14A2026-03-040001437749-26-006811CEO total compensation as printed in H.B. Fuller Co.'s own proxy. As printed: 8,830,569. Filing ↗machine: r2 · c18 · span 903228–903237
25Innospec Inc., Section 10b CEO totalDEF 14A2026-03-260001174947-26-000427CEO total compensation as printed in Innospec Inc.'s own proxy. As printed: 8,252,747. Filing ↗machine: r4 · c9 · span 1939600–1939609
26Balchem (subject), Section 10b CEO totalDEF 14A2026-04-270001140361-26-017099CEO total compensation as printed in Balchem's own proxy. As printed: 7,894,874. Filing ↗
27Minerals Technologies, Section 10b CEO totalDEF 14A2026-04-020001104659-26-039205CEO total compensation as printed in Minerals Technologies's own proxy. As printed: 7,405,693. Filing ↗machine: r2 · c48 · span 1633829–1633838
28Hexcel, Section 10b CEO totalDEF 14A2026-04-010001193125-26-135884CEO total compensation as printed in Hexcel's own proxy. As printed: 7,252,875. Filing ↗machine: t152 · r2 · c40 · span 2524687–2524696
29Avient Corp., Section 10b CEO totalDEF 14A2026-03-270001628280-26-021576CEO total compensation as printed in Avient Corp.'s own proxy. As printed: 5,818,257. Filing ↗machine: r2 · c24 · span 748439–748448
30MGP Ingredients, Section 10b CEO totalDEF 14A2026-04-090000835011-26-000058CEO total compensation as printed in MGP Ingredients's own proxy. As printed: 4,980,533. Filing ↗machine: r2 · c48 · span 440917–440926
31Hain Celestial Group, Section 10b CEO totalDEF 14A2025-09-180001193125-25-207370CEO total compensation as printed in Hain Celestial Group's own proxy. As printed: 4,546,417. Filing ↗machine: t83 · r14 · c38 · span 1813238–1813247
32The Simply Good Foods Co., Section 10b CEO totalDEF 14A2025-12-170001104659-25-121934CEO total compensation as printed in The Simply Good Foods Co.'s own proxy. As printed: 4,330,633. Filing ↗machine: r1 · c48 · span 952887–952896
33Stepan Co., Section 10b CEO totalDEF 14A2026-03-250001193125-26-122725CEO total compensation as printed in Stepan Co.'s own proxy. As printed: 4,327,042. Filing ↗machine: span 378020–378029
34J&J Snack Foods Corp., Section 10b CEO totalDEF 14A2026-01-020001140361-26-000149CEO total compensation as printed in J&J Snack Foods Corp.'s own proxy. As printed: 3,978,648. Filing ↗machine: r2 · c22 · span 557467–557476
35Quaker Chemical Corp., Section 10b CEO totalDEF 14A2026-03-310001628280-26-022236CEO total compensation as printed in Quaker Chemical Corp.'s own proxy. As printed: 3,709,451. Filing ↗machine: r2 · c27 · span 836235–836244
36Section 10a, Ingevity Corp. reciprocityDEF 14A—0001104659-26-029507Ingevity Corp. names Balchem in its own disclosed peer group (read from its most recent proxy). Filing ↗
37Section 10a, FMC Corp. reciprocityDEF 14A—0001308179-26-000056FMC Corp.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
38Section 10a, Stepan Co. reciprocityDEF 14A—0001193125-26-122725Stepan Co.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
39Section 10a, Hexcel reciprocityDEF 14A—0001193125-26-135884Hexcel's most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
40Section 10a, Celsius Holdings reciprocityDEF 14A—0001193125-26-154918Celsius Holdings's most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
41Section 10a, Innospec Inc. reciprocityDEF 14A—0001174947-26-000427Innospec Inc.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
42Section 10a, Quaker Chemical Corp. reciprocityDEF 14A—0001628280-26-022236Quaker Chemical Corp. names Balchem in its own disclosed peer group (read from its most recent proxy). Filing ↗
43Section 10a, Cabot Corp. reciprocityDEF 14A—0001193125-26-023681Cabot Corp.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
44Section 10a, Element Solutions reciprocityDEF 14A—0001590714-26-000034Element Solutions names Balchem in its own disclosed peer group (read from its most recent proxy). Filing ↗
45Section 10a, Avient Corp. reciprocityDEF 14A—0001628280-26-021576Avient Corp.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
46Section 10a, Hain Celestial Group reciprocityDEF 14A—0001193125-25-207370Hain Celestial Group's most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
47Section 10a, H.B. Fuller Co. reciprocityDEF 14A—0001437749-26-006811H.B. Fuller Co.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
48Section 10a, Minerals Technologies reciprocityDEF 14A—0001104659-26-039205Minerals Technologies's most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
49Section 10a, MGP Ingredients reciprocityDEF 14A—0000835011-26-000058MGP Ingredients's most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗
50Section 10a, The Simply Good Foods Co. reciprocityDEF 14A—0001104659-25-121934The Simply Good Foods Co.'s most recent proxy was read; its disclosed peer group does not include Balchem. Filing ↗

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