[Form 4] McCormick & Company, Incorporated Non-VTG CS Insider Trading Activity

Rhea-AI Filing Summary

Sarah Piper, Chief Human Relations Officer of McCormick & Company (MKC), reported Form 4 activity dated 09/09/2025. The filing shows a disposition of 3,286.672 shares of Common Stock - Voting and an acquisition of 34.938 units of Phantom Stock under a Non-Qualified Retirement Savings Plan. Each phantom share represents the right to receive one share of common stock and is payable in shares under the plan.

The phantom units were recorded at a price of $69.63 per unit and after the transactions the reporting person beneficially owned 3,673.938 shares indirectly through the retirement plan. The Form 4 was signed by an attorney-in-fact on 09/10/2025.

Insights

Corporate Governance Expert

TL;DR: Routine insider filing showing a small plan-driven phantom stock award and a large reported disposition; appears administrative, not a material corporate event.

The Form 4 discloses a disposition of 3,286.672 voting shares and contemporaneous acquisition of 34.938 phantom stock units under a Non-Qualified Retirement Savings Plan. The phantom units convert to common shares and are recorded at $69.63 per unit. This pattern is consistent with compensation plan mechanics rather than an open-market trade tied to corporate developments. The reporting person is the Chief Human Relations Officer, and the ownership after the reported derivative transaction is 3,673.938 shares held indirectly. From a governance standpoint, the filing documents standard plan activity and provides transparency on executive holdings.

Compensation / Equity Analyst

TL;DR: Small equity award via phantom stock at $69.63 suggests routine compensation vesting; the reported disposition likely reflects plan or tax-related processing.

The derivative entry shows an award of 34.938 phantom stock units, each representing one share and payable in shares, with an indicated price of $69.63. The filing specifies the units are held in a Non-Qualified Retirement Savings Plan, implying these are plan-driven allocations rather than market purchases. The sizable reported disposition of 3,286.672 common shares is recorded without explanatory narrative beyond the standard form; absent additional context, this appears administrative (e.g., plan settlement or transfer) rather than signaling a change in company fundamentals.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Piper Sarah

(Last) (First) (Middle)

24 SCHILLING ROAD

SUITE 1

(Street)

HUNT VALLEY MD 21031

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Human Relations Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock - Voting								3,286.672	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Stock	(1)	09/09/2025		A		34.938		(1)	(1)	Common Stock - Voting	34.938	$69.63	3,673.938	I	Non Qualified Retirement Savings Plan

Explanation of Responses:

1. Each share of phantom stock represents the right to receive one share of Common Stock - Voting. Shares of Phantom Stock are payable in shares of Common Stock - Voting in accordance with the terms of the Non-Qualified Retirement Savings Plan.

	Jason E. Wynn, Attorney-in-fact	09/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Sarah Piper (CHRO) report on the Form 4 for MKC?

The Form 4 reports a disposition of 3,286.672 shares of Common Stock - Voting and an acquisition of 34.938 Phantom Stock units on 09/09/2025.

How many shares does the filing show beneficially owned after the transactions?

The filing shows 3,673.938 shares beneficially owned indirectly following the reported derivative transaction.

What is the conversion or valuation amount associated with the Phantom Stock?

Each Phantom Stock unit represents one common share and the phantom units reported have a price of $69.63 per unit.

Under what plan were the phantom shares awarded?

The phantom stock units are payable in shares under the Non-Qualified Retirement Savings Plan as stated in the filing.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Jason E. Wynn, Attorney-in-fact on 09/10/2025.