McCormick CEO granted phantom stock units
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 684.22 | $0.00 | $0.00 |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (1)
- F1. 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.
FAQ
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What did McCormick (MKC) CEO Brendan Foley report in this Form 4?
How do the McCormick (MKC) phantom stock units granted to the CEO work?
How many phantom stock units does the McCormick (MKC) CEO hold after this grant?
Was this McCormick (MKC) Form 4 a market purchase or sale by the CEO?
AI-generated analysis. How Rhea-AI works. Not financial advice.