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MCCORMICK (NYSE: MKC) director logs Phantom Stock grant and plan activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Tapiero Jacques reported acquisition or exercise transactions in this Form 4 filing.

MCCORMICK & CO INC director Jacques Tapiero reported routine equity-based compensation and related plan activity. He received a grant of 210.040 shares of Phantom Stock on June 8, 2026 at $47.61 per share under a Non-Qualified Retirement Savings Plan. Each Phantom Stock share represents the right to receive one share of Common Stock - Voting, payable in accordance with the plan’s terms.

On April 27, 2026, 22.598 Phantom Stock shares at $50.40 were recorded as an "other" transaction noted as dividend reinvestment, also within the plan. Following these updates, he holds 2,605.581 Phantom Stock units indirectly through the plan, plus 33,818.054 Common Stock - Voting shares and 2,620 Common Stock - Non Voting shares directly. These events reflect compensation and plan-related adjustments rather than open-market trading.

Positive

  • None.

Negative

  • None.

Insights

Routine plan-based awards and adjustments, no open-market trading signal.

Director Jacques Tapiero received 210.040 Phantom Stock units at $47.61, structured as a grant under a Non-Qualified Retirement Savings Plan. The filing also records 22.598 Phantom Stock units at $50.40, described via footnote as dividend reinvestment activity.

Phantom Stock is a deferred, cashless form of equity compensation that tracks the value of Common Stock - Voting and pays out in shares according to plan rules. With no open-market purchases or sales and modest size relative to total holdings, these entries look like standard director compensation and plan mechanics rather than directional trading.

Insider Tapiero Jacques
Role null
Type Security Shares Price Value
Grant/Award Phantom Stock 210.04 $47.61 $10K
Other Phantom Stock 22.598 $50.40 $1K
holding Common Stock - Voting -- -- --
holding Common Stock - Non Voting -- -- --
Holdings After Transaction: Phantom Stock — 2,605.581 shares (Indirect, Non Qualified Retirement Savings Plan); Common Stock - Voting — 33,818.054 shares (Direct, null); Common Stock - Non Voting — 2,620 shares (Direct, null)
Footnotes (1)
  1. Dividend Reinvestment 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.
Phantom Stock grant 210.040 units Grant on June 8, 2026
Grant reference price $47.61 per unit Phantom Stock on June 8, 2026
Dividend reinvestment units 22.598 units Phantom Stock on April 27, 2026
Dividend reinvestment price $50.40 per unit Phantom Stock on April 27, 2026
Phantom Stock holdings 2,605.581 units Indirect, after transactions
Common Stock - Voting holdings 33,818.054 shares Direct, as of April 27, 2026
Common Stock - Non Voting holdings 2,620 shares Direct, as of April 27, 2026
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Non-Qualified Retirement Savings Plan financial
"Shares of Phantom Stock are payable ... in accordance with the terms of the Non-Qualified Retirement Savings Plan."
Dividend Reinvestment financial
"Dividend Reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
Common Stock - Voting financial
"Each share of phantom stock represents the right to receive one share of Common Stock - Voting."
Common Stock - Non Voting financial
"Common Stock - Non Voting"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Tapiero Jacques
(Last)(First)(Middle)
24 SCHILLING ROAD
SUITE 1
(Street)
HUNT VALLEY MARYLAND 21031
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock - Voting33,818.054D
Common Stock - Non Voting2,620D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock(1)04/27/2026JV22.598 (1) (1)Common Stock - Voting22.598$50.42,395.541INon Qualified Retirement Savings Plan
Phantom Stock(2)06/08/2026A210.04 (2) (2)Common Stock - Voting210.04$47.612,605.581INon 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-fact06/10/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Jacques Tapiero acquire in this Form 4 filing for MKC?

Jacques Tapiero received 210.040 shares of Phantom Stock as a grant under a Non-Qualified Retirement Savings Plan at $47.61 per share. Each unit represents the right to receive one share of Common Stock - Voting, payable according to the plan’s terms.

Is the MKC Form 4 for Jacques Tapiero an open-market stock purchase or sale?

The Form 4 does not show any open-market buys or sells. It reports a grant of Phantom Stock and a small dividend reinvestment entry within a retirement savings plan, both categorized as derivative or plan-related transactions rather than market trading.

How many Phantom Stock units does Jacques Tapiero hold after these MKC transactions?

After the reported transactions, Jacques Tapiero holds 2,605.581 Phantom Stock units indirectly through the Non-Qualified Retirement Savings Plan. These units are designed to mirror the value of Common Stock - Voting and are ultimately payable in shares under the plan’s rules.

What common stock holdings does Jacques Tapiero report in MKC shares?

The filing shows direct ownership of 33,818.054 shares of Common Stock - Voting and 2,620 shares of Common Stock - Non Voting. These totals are reported as of April 27, 2026 and provide context for his overall equity exposure to MCCORMICK & CO INC.

What is the dividend reinvestment entry in Jacques Tapiero’s MKC Form 4?

The filing lists 22.598 Phantom Stock units at $50.40 with a code "J" and a footnote labeled Dividend Reinvestment. This indicates plan-level reinvestment activity rather than a discretionary market trade by the director.