[Form 4] McCormick & Company, Incorporated Non-VTG CS Insider Trading Activity
Rhea-AI Filing Summary
Brendan M. Foley, Chairman, President & CEO of McCormick & Company (MKC), reported insider transactions that reduced his direct holdings in both voting and non‑voting common stock and added phantom stock units tied to company shares. He disposed of 108,652.016 voting common shares and 1,145.454 non‑voting common shares. Concurrently he received 34.634 phantom stock units that represent rights to receive one share of voting common stock each and are payable under the company’s Non‑Qualified Retirement Savings Plan. The filing shows indirect beneficial ownership of 11,841.082 shares associated with the retirement plan following the reported transactions. The disclosure records routine insider activity without additional context on reasons or broader ownership percentages.
Positive
- Phantom stock acquisition: Received 34.634 phantom units that convert one‑for‑one to voting common stock under the Non‑Qualified Retirement Savings Plan.
- Documented indirect ownership: Filing shows 11,841.082 shares held indirectly through the retirement plan after the transactions.
Negative
- Disposal of voting shares: Reported disposition of 108,652.016 voting common shares.
- Disposal of non‑voting shares: Reported disposition of 1,145.454 non‑voting common shares.
Insights
TL;DR: CEO executed notable share dispositions and accepted phantom units via the company retirement plan; disclosure is clear and routine.
The Form 4 shows Brendan Foley, the company’s Chairman, President & CEO, disposed of 108,652.016 voting shares and 1,145.454 non‑voting shares, while acquiring 34.634 phantom units payable in common stock under the Non‑Qualified Retirement Savings Plan. The filing explicitly states phantom units convert one‑for‑one to voting shares and identifies 11,841.082 indirect shares held through the plan after the transactions. This is a standard insider disclosure; the form provides no explanation of intent or impact on total ownership stakes.
TL;DR: Material quantities reported but no contextual data on ownership percentage or motive; treat as informational insider activity.
The reported disposals and the recorded phantom unit acquisition are factual and quantified: 108,652.016 voting shares and 1,145.454 non‑voting shares were disposed, and 34.634 phantom stock units were added at a stated derivative price of $70.24 per unit. The filing also documents 11,841.082 indirectly held shares via the Non‑Qualified Retirement Savings Plan. From an investor perspective the entry supplies clear transaction sizing but lacks information on remaining total holdings or whether sales were pre‑arranged; impact is informational rather than demonstrably material to valuation.