McCormick & Company director reports no share ownership
McCormick & Co., Inc. director Richard A. Dierker filed an initial Form 3 as of 02/01/2026. The filing states that he beneficially owns no securities of McCormick, with both non-derivative and derivative holdings reported as zero.
McCormick & Company director Gavin Hattersley has filed an initial insider ownership report. As of February 1, 2026, he beneficially owns 906 shares of McCormick non-voting common stock, held directly. This Form 3 does not show any recent insider transactions, only existing holdings.
McCormick & Co. director Jacques Tapiero reported routine equity transactions involving phantom stock units and common shares. On February 2, 2026, 5.690 phantom stock units in a Non Qualified Retirement Savings Plan were settled into an equal number of McCormick voting common shares at $61.10 per share. Following this, he held 31,596.054 shares of voting common stock directly and 2,206.082 phantom stock units indirectly through the plan, plus 2,620 non‑voting common shares directly. Earlier, on January 12, 2026, 21.42 phantom stock units were credited at $66.84 per unit, described as dividend reinvestment and economically equivalent to voting common shares.
McCormick & Company, Incorporated is offering new senior unsecured notes under a preliminary prospectus supplement. The notes will pay fixed semi-annual interest, rank equally with the company’s other unsecured, unsubordinated debt, and are not guaranteed by subsidiaries.
McCormick may redeem the notes early using a treasury-based make-whole formula before a specified par call date, and at par plus interest after that date. If a Change of Control Triggering Event occurs, holders can require McCormick to repurchase the notes at 101% of principal plus accrued interest.
The company expects to use a substantial portion of the net proceeds to redeem its outstanding $500 million 0.90% Notes due February 15, 2026 and pay related interest, fees and expenses, with any remainder for general corporate purposes. McCormick highlights that about 39% of fiscal 2025 sales came from non‑U.S. operations and describes its global Consumer and Flavor Solutions segments.
McCormick & Company describes a global flavor business built around two segments: Consumer (about 58% of 2025 net sales and 67% of operating income) and Flavor Solutions (42% of net sales and 33% of operating income). The company sells herbs, spices, seasonings, condiments and sauces in roughly 150 countries, with major brands including McCormick, French’s, Frank’s RedHot, Cholula and OLD BAY.
On January 2, 2026, McCormick completed the $750 million purchase of an additional 25% stake in McCormick de Mexico, bringing its ownership to a 75% controlling interest to support growth in Mexico and Latin America. Non‑U.S. operations generated about 39% of 2025 sales. Customer concentration is meaningful: one Consumer customer (Wal‑Mart) and one Flavor Solutions customer (PepsiCo) each represented roughly 12% of consolidated sales.
The filing highlights key risks, including inflation and commodity volatility, supply chain and transportation constraints, labor shortages, climate and sustainability pressures, cybersecurity threats, shifting consumer preferences, regulatory changes and a substantial debt load of about $4.0 billion. McCormick employed approximately 14,100 full‑time employees as of November 30, 2025.
McCormick & Company, Incorporated filed a current report to share that it has released its financial results for the fourth quarter and full fiscal year 2025, which ended on November 30, 2025. The company issued a press release titled “McCormick Reports Strong 2025 Financial Results and Provides 2026 Outlook” and held a conference call with analysts to discuss the results.
The press release furnished with the report includes McCormick’s consolidated income statements for the three- and twelve-month periods, a consolidated balance sheet as of November 30, 2025, and a consolidated cash flow statement for the full year. The company also provided an outlook for 2026, giving investors guidance on its expectations for the upcoming year.
McCormick & Company, Incorporated reported planned changes to its Board of Directors. Maritza G. Montiel and W. Anthony Vernon have informed the Board that they intend to retire and will not stand for election at the next annual stockholders’ meeting, currently scheduled for April 1, 2026; both will continue to serve until that meeting.
On January 20, 2026, the Board appointed Richard Dierker, President and Chief Executive Officer of Church & Dwight Co., Inc., and Gavin Hattersley, recently retired President and Chief Executive Officer of Molson Coors Beverage Company, as directors effective February 1, 2026. Dierker will join the Audit Committee, and Hattersley will join the Compensation and Human Capital Committee. The company states that neither has family relationships with its executive officers or directors, there are no selection arrangements, and no related-party transactions involving them. McCormick furnished a press release announcing these appointments as an exhibit.
McCormick & Company officer Ana Sanchez reported an equity award of company stock. On January 19, 2026, she acquired 3,368 shares of McCormick common stock at a price of $0 per share, reflecting a stock grant rather than an open-market purchase.
The filing states these shares were awarded under McCormick's Long-Term Incentive Program (LTIP) for a three-year performance cycle that began on December 1, 2022 and ends on November 30, 2025. Following this award, Sanchez beneficially owns 8,710.487 shares of McCormick common stock, held directly in her name in connection with her role as President EMEA.
McCormick & Company executive Andrew Foust reported an equity award under the company’s long-term incentive plan. On 01/19/2026 he received 4,209 shares of McCormick Common Stock – Voting at a price of $0 per share, granted pursuant to McCormick’s Long-Term Incentive Program for a three-year performance cycle beginning on December 1, 2022 and ending on November 30, 2025.
Following this award, he beneficially owned 12,993.55 shares of Common Stock – Voting and 332.06 shares of Common Stock – Non Voting, all held directly. The filing reflects compensation in the form of stock rather than an open-market purchase or sale.
McCormick & Company’s Chief Human Relations Officer, Sarah Piper, reported an equity award of company stock. On January 19, 2026, she acquired 6,313 shares of McCormick Common Stock - Voting at a price of $0 per share, granted under McCormick's Long-Term Incentive Program for the three-year performance cycle from December 1, 2022 through November 30, 2025. Following this award, she directly holds 9,615.34 shares of McCormick Common Stock - Voting. The filing also notes phantom stock interests under a Non-Qualified Retirement Savings Plan, where each phantom share represents the right to receive one share of Common Stock in accordance with the plan’s terms.