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McCormick (NYSE: MKC) executive nets voting shares from RSU vesting

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

Rhea-AI Filing Summary

McCormick & Co. executive Andrew Foust, President, Americas, reported routine equity compensation activity. On March 15, 2026, he exercised 533 Restricted Stock Units, receiving 533 shares of McCormick common stock – voting – at a conversion price of $0.00 per share.

To cover tax obligations, 177 of these voting shares were withheld at $58.48 per share, a non-market tax-withholding disposition rather than an open-market sale. After these transactions, Foust directly holds 13,283.51 voting shares and 334.44 non‑voting shares. The RSUs were granted on March 29, 2023 and vest in thirds over a three‑year period beginning March 15, 2024, March 15, 2025 and March 15, 2026.

Positive

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Insider Foust Andrew
Role President, Americas
Type Security Shares Price Value
Exercise Restricted Stock Units 533 $0.00 --
Exercise Common Stock - Voting 533 $0.00 --
Tax Withholding Common Stock - Voting 177 $58.48 $10K
holding Common Stock - Non Voting -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock - Voting — 13,460.51 shares (Direct); Common Stock - Non Voting — 334.44 shares (Direct)
Footnotes (1)
  1. Restricted Stock Units; No purchase price required. The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026. The Restricted Stock Units granted on March 29, 2023.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED 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*
Foust Andrew
(Last) (First) (Middle)
24 SCHILLING ROAD
SUITE 1
(Street)
HUNT VALLEY MD 21031
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MCCORMICK & CO INC [ MKC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President, Americas
3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock - Voting 03/15/2026 M 533 A $0(1) 13,460.51 D
Common Stock - Voting 03/15/2026 F 177 D $58.48 13,283.51 D
Common Stock - Non Voting 334.44 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 03/15/2026 M 533 (2) (2) Common Stock - Voting 533 (3) 0 D
Explanation of Responses:
1. Restricted Stock Units; No purchase price required.
2. The Restricted Stock Units vest in thirds over a three-year period beginning March 15, 2024, March 15, 2025 and March 15, 2026.
3. The Restricted Stock Units granted on March 29, 2023.
Jason E. Wynn, Attorney-in-Fact 03/17/2026
** Signature of Reporting Person Date
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Andrew Foust report at McCormick (MKC)?

Andrew Foust reported exercising 533 Restricted Stock Units into common voting shares. As part of this routine equity compensation event, some of the resulting shares were withheld to satisfy tax obligations rather than sold in the open market.

How many McCormick (MKC) shares did Andrew Foust receive and retain?

Andrew Foust acquired 533 common voting shares by converting Restricted Stock Units. After 177 shares were withheld for taxes, he reported direct ownership of 13,283.51 voting shares and 334.44 non‑voting shares, reflecting his post‑transaction stake disclosed in the filing.

Was Andrew Foust’s McCormick (MKC) transaction a market sale of shares?

The disposition was not an open‑market sale. The filing shows 177 common voting shares were withheld at $58.48 per share to cover tax liabilities associated with the Restricted Stock Unit vesting and exercise, a standard tax‑withholding mechanism.

What are the terms of Andrew Foust’s Restricted Stock Units at McCormick (MKC)?

The Restricted Stock Units were granted on March 29, 2023. They vest in thirds over a three‑year period beginning March 15, 2024, March 15, 2025 and March 15, 2026, with no purchase price required from the executive.

What role does Andrew Foust hold at McCormick (MKC)?

Andrew Foust is identified as an officer of McCormick & Co., serving as President, Americas. The reported equity transactions reflect changes in his direct beneficial ownership of the company’s common stock, tied to his compensation program.

How many Restricted Stock Units did Andrew Foust exercise in the latest McCormick (MKC) filing?

He exercised 533 Restricted Stock Units into an equal number of McCormick common voting shares at a conversion price of $0.00, consistent with RSUs that require no purchase price from the holder when they vest and settle.