McCormick (MKC) VP Schwartz updates holdings after RSU vesting and tax withholding
Rhea-AI Filing Summary
McCormick & Co. vice president and general counsel Jeffery D. Schwartz reported routine equity compensation activity involving McCormick & Co. common stock. On February 15, 2026, he exercised awards to acquire 4,126 shares of voting common stock, with no purchase price required as they were restricted stock units.
On the same date, 6,340 shares and 1,276 shares were withheld to cover tax obligations at a value of $71.61 per share, for a total of 7,616 shares disposed through tax-withholding transactions rather than open-market sales. Following these transactions, Schwartz directly held 87,818 shares of McCormick & Co. voting common stock. The Form 4 amendment states it was filed solely to correct an earlier administrative error in the reported beneficial ownership amount.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock - Voting | 6,340 | $71.61 | $454K |
| Exercise | Common Stock - Voting | 4,126 | $0.00 | -- |
| Tax Withholding | Common Stock - Voting | 1,276 | $71.61 | $91K |
Footnotes (1)
- Shares withheld for taxes on the shares previously reported on 1/21/2026 for McCormick's Long-Term Incentive Plan. Restricted Stock Units; No purchase price required. The original Form 4, filed on February 18, 2026, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the amount of securities beneficially owned by the reporting person.
FAQ
What insider transactions did McCormick (MKC) report for Jeffery D. Schwartz on February 15, 2026?
Were the McCormick (MKC) insider dispositions by Jeffery D. Schwartz open-market stock sales?
What was the purpose of the amended Form 4/A filed for McCormick (MKC) insider Jeffery D. Schwartz?
How were restricted stock units described in the McCormick (MKC) Form 4/A for Jeffery D. Schwartz?