McCormick (NYSE: MKC) HR chief acquires stock and units
Rhea-AI Filing Summary
MCCORMICK & CO INC (MKC) reported that Chief Human Relations Officer Sarah Piper acquired equity-linked interests. On 2026-08-24, she received 45.168 Phantom Stock units, each tied to one share of Common Stock - Voting, at a reference price of $56.20 per unit under a Non Qualified Retirement Savings Plan. On 2026-07-20, a dividend reinvestment transaction added 43.223 Phantom Stock units at $52.24 and 20.520 shares of Common Stock - Voting at $52.22. Following the July 20 stock acquisition, she held 9,058.460 shares of Common Stock - Voting directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 20.52 shares
Net Buy
3 txns
Insider
Piper Sarah
Role
Chief Human Relations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F2 | 45.168 | $56.20 | $3K |
| Other | Phantom Stock F1 | 43.223 | $52.24 | $2K |
| Other | Common Stock - Voting F1 | 20.52 | $52.22 | $1K |
Holdings After Transaction:
Phantom Stock — 4,937.377 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 9,058.46 shares (Direct)
Footnotes (2)
- F1. Dividend Reinvestment
- F2. 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.
Key Figures
Phantom Stock units granted: 45.168 units
Phantom Stock units from dividend reinvestment: 43.223 units
Common Stock - Voting acquired: 20.520 shares
+2 more
5 metrics
Phantom Stock units granted
45.168 units
Grant on 2026-08-24 at $56.2000 per unit
Phantom Stock units from dividend reinvestment
43.223 units
Dividend reinvestment on 2026-07-20 at $52.2400 per unit
Common Stock - Voting acquired
20.520 shares
Dividend reinvestment on 2026-07-20 at $52.2200 per share
Direct Common Stock - Voting holdings
9,058.460 shares
Direct ownership after 2026-07-20 transaction
Phantom Stock unit-to-share relationship
1 unit = 1 share
Each Phantom Stock unit represents right to receive one share of Common Stock - Voting
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Dividend Reinvestment
3 terms
Phantom Stock financial
"Each share of phantom stock represents the right to receive one share"
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 ... under 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.
FAQ
What insider transactions did MKC executive Sarah Piper report on this Form 4?
Sarah Piper reported three acquisition transactions: a grant of 45.168 Phantom Stock units on 2026-08-24, and on 2026-07-20 a dividend reinvestment of 43.223 Phantom Stock units plus 20.520 shares of Common Stock - Voting.
What is the size of Sarah Piper’s direct MKC common stock holdings after these transactions?
After the 2026-07-20 common stock acquisition, Sarah Piper directly held 9,058.460 shares of Common Stock - Voting. This figure reflects her direct ownership position as reported in the Form 4 following that transaction.
At what prices were Sarah Piper’s recent MKC acquisitions recorded?
The Form 4 records reference prices of $56.20 per Phantom Stock unit for the 2026-08-24 grant, and $52.24 per Phantom Stock unit plus $52.22 per Common Stock - Voting share for the 2026-07-20 dividend reinvestment transactions.
How many Phantom Stock units tied to MKC common stock did Sarah Piper acquire?
Sarah Piper acquired 88.391 Phantom Stock units in total, consisting of 45.168 units granted on 2026-08-24 and 43.223 units received on 2026-07-20 via dividend reinvestment. Each unit represents the right to receive one share of Common Stock - Voting.
Were Sarah Piper’s MKC transactions reported as part of a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not checked, and the filing does not state that these transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
