McCormick officer reports initial equity holdings
McCormick & Co. Chief Growth & Marketing Officer Tabata Lorena Gomez Sades filed an initial ownership report outlining her equity interests in the company.
Rhea-AI Filing Summary
McCormick & Co. Chief Growth & Marketing Officer Tabata Lorena Gomez Sades filed an initial ownership report outlining her equity interests in the company. She directly holds 6,143 shares of Common Stock – Voting.
She also holds an option on 7,996 shares of common stock with an exercise price of $76.03 per share, expiring on March 27, 2034. In addition, she has several blocks of Restricted Stock Units tied to common stock: 688, 3,124, and 8,656 underlying shares, each vesting in thirds over three years beginning on February 15, 2025, 2026, and 2027, respectively.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
GOMEZ SADES TABATA LORENA
Role
Chief Growth & Mktg Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Options - Right to Buy | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock - Voting | -- | -- | -- |
Holdings After Transaction:
Options - Right to Buy — 7,996 contracts (Direct);
Restricted Stock Units — 12,468 contracts (Direct);
Common Stock - Voting — 6,143 shares (Direct)
Footnotes (4)
- F1. The option grant becomes exercisable in thirds of each of the first three (3) grant anniversaries.
- F2. The Restricted Stock Units vest in thirds over a three-year period beginning February 15, 2025, February 15, 2026 and February 15, 2027.
- F3. The Restricted Stock Units vest in thirds over a three-year period beginning February 15, 2026, February 15, 2027 and February 15, 2028.
- F4. The Restricted Stock Units vest in thirds over a three-year period beginning February 15, 2027, February 15, 2028 and February 15, 2029.
Key Figures
Direct common shares: 6,143 shares
Option underlying shares: 7,996 shares
Option exercise price: $76.03/share
+3 more
6 metrics
Direct common shares
6,143 shares
Common Stock - Voting directly held
Option underlying shares
7,996 shares
Options - Right to Buy, underlying common stock
Option exercise price
$76.03/share
Options - Right to Buy, expires March 27, 2034
RSU grant 1
688 shares
RSUs expiring March 15, 2027, vesting in thirds from Feb 15, 2025
RSU grant 2
3,124 shares
RSUs expiring February 15, 2028, vesting in thirds from Feb 15, 2026
RSU grant 3
8,656 shares
RSUs expiring February 15, 2029, vesting in thirds from Feb 15, 2027
Key Terms
Restricted Stock Units, Options - Right to Buy, vest in thirds, exercise price
4 terms
Restricted Stock Units financial
"The Restricted Stock Units vest in thirds over a three-year period"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Options - Right to Buy financial
"security_title": "Options - Right to Buy""
vest in thirds financial
"The Restricted Stock Units vest in thirds over a three-year period"
exercise price financial
"conversion_or_exercise_price": "76.0300""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the MKC Form 3 filing by Tabata Lorena Gomez Sades show?
The Form 3 shows Tabata Lorena Gomez Sades’ existing equity holdings in McCormick & Co., including common shares, stock options, and multiple tranches of Restricted Stock Units that vest over several years according to specified schedules.
What stock options are reported in the McCormick (MKC) Form 3?
The filing reports an option covering 7,996 underlying shares of McCormick common stock with an exercise price of $76.03 per share, expiring March 27, 2034. The option becomes exercisable in thirds on each of the first three grant anniversaries.
What Restricted Stock Units does the McCormick (MKC) officer hold?
She holds three RSU awards tied to 688, 3,124, and 8,656 underlying common shares. Each award vests in thirds over three years, beginning on February 15, 2025, February 15, 2026, and February 15, 2027, according to the vesting footnotes.
Do the McCormick (MKC) Restricted Stock Units have an exercise price?
The Restricted Stock Units reported for McCormick & Co. have a stated exercise or conversion price of $0.00. They convert into common shares upon vesting according to their schedules, rather than requiring the officer to pay a cash exercise price.
What is the significance of the vesting schedules in the MKC Form 3?
The vesting schedules determine when the officer actually earns the RSU shares. Each RSU grant vests in three equal installments on specified February 15 dates, spreading the potential delivery of McCormick common shares over several future years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
