McCormick (NYSE: MKC) CEO receives new phantom stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
McCormick & Co. Chairman, President & CEO Brendan M. Foley received a grant of 684.220 phantom stock units on Common Stock - Voting. The award was recorded at a price of $0.0000 per unit and is held indirectly through a Non Qualified Retirement Savings Plan.
Each phantom stock unit represents the right to receive one share of Common Stock - Voting, payable in accordance with the plan’s terms. After this grant, Foley holds 13,634.183 phantom stock units. As of the same date, he also holds 130,056.016 shares of Common Stock - Voting and 1,383.460 shares of Common Stock - Non Voting directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 684.22 | $0.00 | -- |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 13,634.183 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 130,056.016 shares (Direct);
Common Stock - Non Voting — 1,383.46 shares (Direct)
Footnotes (1)
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FAQ
What did McCormick (MKC) CEO Brendan Foley report in this Form 4?
Brendan Foley reported receiving a grant of 684.220 phantom stock units tied to McCormick Common Stock - Voting. The units were awarded at $0.0000 per unit and increase his indirect holdings in the company’s Non Qualified Retirement Savings Plan.
How do the McCormick (MKC) phantom stock units granted to the CEO work?
Each phantom stock unit represents the right to receive one share of McCormick Common Stock - Voting. According to the Non-Qualified Retirement Savings Plan, these units are payable in actual McCormick voting shares, following the plan’s terms and distribution rules.
How many phantom stock units does the McCormick (MKC) CEO hold after this grant?
After the grant of 684.220 phantom stock units, Brendan Foley holds a total of 13,634.183 phantom stock units. All of these are held indirectly through McCormick’s Non Qualified Retirement Savings Plan, as reported in the Form 4 filing.
Was this McCormick (MKC) Form 4 a market purchase or sale by the CEO?
No market purchase or sale is reported. The Form 4 shows an acquisition coded as a grant or award (transaction code A) of phantom stock units at $0.0000 per unit, rather than an open-market buy or sell transaction.