[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 transactions dated 08/07/2025 showing a disposition and a plan-based award. The filing records a disposition of 3,272.992 shares of Common Stock - Voting and the acquisition of 34.634 phantom stock units under a Non-Qualified Retirement Savings Plan at a stated price of $70.24 per unit. Each phantom stock unit represents the right to receive one share of common stock and is payable in shares under the plan. Following the reported transaction(s), total beneficial ownership is shown as 3,547.073 shares held indirectly.
Positive
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Negative
- None.
Insights
TL;DR: Officer reported a sizeable share disposition and a small plan-based award; the filing appears routine with no explicit governance concerns.
The report shows a disposition of 3,272.992 common shares and an acquisition of 34.634 phantom stock units under a Non-Qualified Retirement Savings Plan at $70.24 per unit. The phantom units convert to common shares per plan terms, and reported beneficial ownership after the transactions is 3,547.073 shares (indirect). Based solely on the filing, these are routine officer transactions without additional context on timing or intent; there is no explicit material disclosure of other compensation changes or unusual derivative structures.
TL;DR: Transaction mixes a large open-market disposition with a small retirement-plan award; documentation indicates standard plan mechanics.
The filing documents a plan-based award of phantom stock units that are payable in shares under the Non-Qualified Retirement Savings Plan, as explained in the filing. The phantom units correspond one-for-one to common shares and are recorded at a price of $70.24. The reporting person is identified as the issuer's Chief Human Relations Officer, and ownership after the reported transactions is shown as 3,547.073 shares held indirectly. The disclosure is limited to the transactions and the plan conversion explanation; it does not provide cash-flow details or motive for the disposition.