MKC CEO reports disposals of 109,797 shares and buys 37.072 phantom units
Rhea-AI Filing Summary
Brendan M. Foley, serving as Chairman, President & CEO, reported changes in his beneficial ownership of McCormick & Co. (MKC) on 10/07/2025. The filing shows 108,652.016 shares of Common Stock - Voting and 1,145.457 shares of Common Stock - Non Voting were marked as D (disposed). Separately, 37.072 units of Phantom Stock were acquired at a price of $65.62 per unit; each phantom unit represents the right to receive one voting common share under the Non-Qualified Retirement Savings Plan.
The phantom units are payable in shares under the plan terms, so the acquisition increases indirect holdings by 37.072 shares. The form is filed individually and signed by an attorney-in-fact on 10/08/2025.
Positive
- Acquired 37.072 phantom-stock units at $65.62, which convert to voting shares under the Non‑Qualified Retirement Savings Plan
- Form filed individually and signed by an attorney‑in‑fact, indicating timely compliance with reporting rules
Negative
- Disposed of 108,652.016 voting shares as reported on 10/07/2025
- Disposed of 1,145.457 non‑voting shares on the same date, reducing direct beneficial ownership
Insights
TL;DR: CEO recorded large disposals and a small phantom-stock acquisition on 10/07/2025.
The filing documents two types of actions: sizable disposals of existing common shares (listed as 108,652.016 voting shares and 1,145.457 non‑voting shares marked D) and an acquisition of 37.072 phantom-stock units at $65.62 each. The phantom units convert to voting shares under the Non‑Qualified Retirement Savings Plan, so they increase indirect exposure by the stated amount.
Dependencies and near‑term implications are procedural: the disposals reduce direct holdings immediately as reported, and the phantom units will only affect share delivery when payable per plan terms. Investors may monitor subsequent filings for actual share deliveries or any explanatory amendments.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 37.072 | $65.62 | $2K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (1)
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