McCormick (NYSE: MKC) director boosts holdings through small dividend reinvestment
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MCCORMICK & CO INC director Anne L. Bramman reported a small change in her holdings through a dividend reinvestment transaction. On this Form 4, 24.09 shares of Common Stock – Voting were credited on a dividend reinvestment basis at a reference price of $51.81 per share.
After this transaction, Bramman directly holds a total of 8,950.632 shares of McCormick common stock. The filing classifies the event as an “other” type of acquisition or disposition rather than an open-market purchase or sale, reflecting its automatic, plan-related nature.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BRAMMAN ANNE L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock - Voting | 24.09 | $51.81 | $1K |
Holdings After Transaction:
Common Stock - Voting — 8,950.632 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares in transaction: 24.09 shares
Reference price per share: $51.81 per share
Total shares after transaction: 8,950.632 shares
3 metrics
Shares in transaction
24.09 shares
Dividend reinvestment on Common Stock – Voting
Reference price per share
$51.81 per share
Price associated with the 24.09-share transaction
Total shares after transaction
8,950.632 shares
Direct holdings of Common Stock – Voting after Form 4 event
Key Terms
Dividend Reinvestment, Common Stock - Voting, Other acquisition or disposition, Form 4
4 terms
Dividend Reinvestment financial
"A footnote indicates the transaction was related to 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
"The security involved is described as Common Stock - Voting."
Other acquisition or disposition financial
"The transaction code description is listed as Other acquisition or disposition."
Form 4 regulatory
"The transaction is reported on a Form 4 insider filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did MKC director Anne L. Bramman report?
Anne L. Bramman reported an “other” transaction involving 24.09 shares of McCormick common stock. The shares were credited through dividend reinvestment, rather than an open-market purchase or sale, and are reported as Common Stock – Voting on a Form 4 filing.
Was Anne L. Bramman’s MKC Form 4 transaction an open-market buy or sell?
No. The transaction is classified as an “other” acquisition or disposition with a footnote indicating dividend reinvestment. It does not represent an open-market purchase or sale, but an automatic plan-related adjustment to her shareholdings.
What does the dividend reinvestment footnote mean in Anne L. Bramman’s MKC filing?
The “Dividend Reinvestment” footnote indicates the 24.09 shares were added through an automatic reinvestment of dividends. Instead of receiving cash, the dividends were used to acquire additional McCormick common shares, increasing her direct holdings to 8,950.632 shares.