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

Rhea-AI Filing Summary

Piper Sarah, Chief Human Relations Officer at McCormick & Company (MKC), reported non-market equity activity tied to dividend reinvestment and plan-based phantom stock awards. On 07/21/2025 she received 13.68 shares of Common Stock through dividend reinvestment at an implied price of $71.3165, bringing her direct beneficial ownership to 3,286.672 shares. Separately, phantom stock credits tied to a Non-Qualified Retirement Savings Plan were recorded: 22.127 phantom shares (payable in common stock) valued at $70.74, and a subsequent credit of 35.211 phantom shares valued at $69.09, reflected as indirect ownership with reported underlying totals of 3,569.2 and 3,604.411 shares respectively. The filing notes that each phantom share represents the right to one voting common share payable under the plan.

Insights

Securities/Equity Analyst

TL;DR: Routine, non-market insider activity increases direct and indirect holdings modestly; not a material change to control or equity stake.

The transactions reported are primarily plan-driven and dividend reinvestment events rather than open-market purchases or dispositions. The 13.68-share dividend reinvestment at $71.3165 increased direct holdings to 3,286.672 shares, while phantom stock credits (22.127 and 35.211 shares) are recorded as indirect via a Non-Qualified Retirement Savings Plan, raising the reported underlying totals to 3,569.2 and 3,604.411. These items are typical compensation and reinvestment mechanics and do not indicate a change in corporate control or an unusual trading signal.

Compensation / Plan Specialist

TL;DR: Report reflects standard plan mechanics—dividend reinvestment and phantom stock credits convertible to common shares under the retirement plan.

The filing documents two types of plan-based equity movements: a dividend reinvestment that purchased 13.68 common shares and phantom stock allocations that represent rights to common stock under the company’s Non-Qualified Retirement Savings Plan. The disclosure explicitly states phantom shares are payable in common stock in accordance with the plan, explaining the shift from direct to indirect beneficial ownership for those amounts. This is consistent with routine compensation and benefit accounting rather than discretionary trading by the officer.

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
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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)
07/21/2025

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	07/21/2025		J(1)	V	13.68	A	$71.3165	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)	07/21/2025		J	V	22.127		(1)	(1)	Common Stock - Voting	22.127	$70.74	3,569.2	I	Non Qualified Retirement Savings Plan
Phantom Stock	(2)	08/12/2025		A		35.211		(2)	(2)	Common Stock - Voting	35.211	$69.09	3,604.411	I	Non Qualified Retirement Savings Plan

Explanation of Responses:

1. Dividend Reinvestment

2. 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	08/14/2025
	** 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).
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FAQ

What transactions did Piper Sarah report in the MKC Form 4?

The report shows a 13.68-share dividend reinvestment in common stock at $71.3165 on 07/21/2025, plus phantom stock credits of 22.127 and 35.211 shares.

How many McCormick (MKC) shares does Piper Sarah beneficially own after these transactions?

Following the dividend reinvestment her direct holdings are listed as 3,286.672 shares; phantom stock entries show underlying totals of 3,569.2 and 3,604.411 as indirect holdings.

What is the nature of the phantom stock reported in the MKC filing?

The filing states each phantom share represents the right to receive one share of voting common stock under the Non-Qualified Retirement Savings Plan and is payable in common stock per plan terms.

What relationship does the reporting person have to McCormick (MKC)?

The reporting person is Piper Sarah, identified as an Officer with the title Chief Human Relations Officer.

Are these transactions open-market trades or plan-driven events?

According to the form, the common stock receipt was a dividend reinvestment and the other entries are phantom stock credits under a retirement plan, indicating plan-driven events rather than open-market trading.