Insider Trading March 31, 2026

BFI Co. Disposes of $757k in Phibro Animal Health Stock Under 10b5-1 Plan

Sales by entity tied to CEO occur as PAHC trades near its 52-week peak following strong quarterly results

By Avery Klein PAHC
BFI Co. Disposes of $757k in Phibro Animal Health Stock Under 10b5-1 Plan
PAHC

BFI Co., LLC, a roughly 10% holder of Phibro Animal Health Corp (NASDAQ: PAHC), sold 14,080 Class A shares on March 30-31, 2026 for about $756,833 under a Rule 10b5-1 plan adopted in December 2025. After the transactions, BFI Co. directly holds 38,120 shares. Jack Bendheim, Phibro’s President and CEO, exercises voting and dispositive power over BFI Co., LLC and directly owns 16,840 shares. The stock is trading near a 52-week high of $57.62 after a 162% gain over the past year, and InvestingPro flags PAHC as appearing overvalued relative to its Fair Value. Separately, Phibro reported fiscal Q2 2026 results with EPS of $0.87 versus an expected $0.68, and revenue of $373.9 million versus an expected $355.24 million.

Key Points

  • BFI Co., LLC, a ten percent owner of Phibro Animal Health Corp, sold 14,080 Class A shares on March 30-31, 2026 for about $756,833 at prices between $53.5415 and $54.3533.
  • The sales were executed under a Rule 10b5-1 plan adopted on December 11, 2025; after the transactions BFI Co., LLC directly holds 38,120 shares.
  • Jack Bendheim, Phibro's President and CEO, exercises voting and dispositive power over BFI Co., LLC and directly holds 16,840 shares; PAHC trades near a 52-week high of $57.62 after a 162% year-over-year gain.

BFI Co., LLC, which holds roughly one-tenth of Phibro Animal Health Corp's outstanding Class A common stock, executed a block of sales totaling 14,080 shares on March 30 and March 31, 2026. The transactions generated approximately $756,833 in proceeds, with execution prices recorded between $53.5415 and $54.3533 per share.

The dispositions were carried out pursuant to a Rule 10b5-1 trading arrangement that BFI Co., LLC adopted on December 11, 2025. Following the March trades, the entity directly retains ownership of 38,120 shares of Phibro Animal Health Corp Class A common stock.

Jack Bendheim, who serves as President, Chief Executive Officer and a director of Phibro Animal Health Corp, exercises voting and dispositive authority over BFI Co., LLC and therefore may be considered to share voting and investment power with respect to the shares held by that entity. Mr. Bendheim has stated that he disclaims beneficial ownership of those securities, except to the extent of any pecuniary interest he may have. In addition to the shares attributed to the entity, Bendheim directly holds 16,840 shares.

The timing of the sales coincides with Phibro Animal Health trading near its 52-week high of $57.62. The stock has risen roughly 162% over the past 12 months, according to the information provided.

Market analysis cited in the reporting indicates that, on InvestingPro's metrics, PAHC presently appears overvalued relative to its Fair Value. The platform is referenced as offering additional analytical items such as ProTips and expanded financial metrics for investors seeking further detail.

Separately, Phibro Animal Health released fiscal second-quarter 2026 financial results that exceeded consensus estimates. The company reported earnings per share of $0.87, above the forecast of $0.68, representing an earnings surprise of 27.94%. Revenue for the quarter totaled $373.9 million, surpassing the expected $355.24 million by 5.25%.

Those quarterly results were highlighted in the reporting as indicators of the company's performance during the period. The sales by BFI Co., LLC, the ownership disclosures related to Jack Bendheim, the InvestingPro valuation note, and the fiscal Q2 2026 results together form the factual basis for investor and market interest in Phibro Animal Health at this time.

Risks

  • Ownership changes by a significant holder - The sale by a roughly 10% owner could affect investor perceptions of insider alignment with shareholders, impacting investor sentiment in the healthcare and animal health sectors.
  • Valuation concerns - InvestingPro analysis flags PAHC as appearing overvalued relative to its Fair Value, introducing valuation risk for equity investors in the animal health and broader medical/feed sectors.
  • Market reaction to disclosures - Public filing of insider transactions and executive-related ownership details could prompt short-term volatility as markets interpret the sales alongside recent earnings beats in the company’s financial results.

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