McCormick (NYSE: MKC) director Tapiero exercises options, sells shares and receives RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCormick & Co. director Jacques Tapiero reported several equity transactions. On 02/05/2026 he exercised options for 5,000 shares of Common Stock - Voting at $49.96 per share and sold 5,000 shares at $67.09, leaving 31,596.054 voting shares held directly. He also holds 2,620 Common Stock - Non Voting shares.
On 02/06/2026 he received 2,598 Restricted Stock Units, each representing one share of Common Stock - Voting, which vest in full on 02/15/2027. In addition, he indirectly holds 2,206.082 phantom stock units under a Non-Qualified Retirement Savings Plan, each linked to one share of voting common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($335,450)
Net Sell
6 txns
Insider
Tapiero Jacques
Role
Director
Sold
5,000 shs ($335K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,598 | $0.00 | -- |
| Exercise | Options - Right to Buy | 5,000 | $0.00 | -- |
| Exercise | Common Stock - Voting | 5,000 | $49.96 | $250K |
| Sale | Common Stock - Voting | 5,000 | $67.09 | $335K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,598 shares (Direct);
Options - Right to Buy — 0 shares (Direct);
Common Stock - Voting — 36,596.054 shares (Direct);
Phantom Stock — 0 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Non Voting — 2,620 shares (Direct)
Footnotes (1)
- 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. Option exercised; no purchase price required. The Restricted Stock Unit represents a contingent right to receive one share of Common Stock. The Restricted Stock Units vest in full on 2/15/2027 and are settled in an equal number of shares of McCormick stock.
FAQ
What insider transactions did Jacques Tapiero report at McCormick (MKC)?
Jacques Tapiero reported exercising options for 5,000 McCormick voting shares at $49.96 and selling 5,000 shares at $67.09 on 02/05/2026. He also reported a grant of 2,598 restricted stock units on 02/06/2026 that vest in 2027.
What restricted stock units did Jacques Tapiero receive from McCormick (MKC)?
On 02/06/2026, Jacques Tapiero received 2,598 Restricted Stock Units from McCormick at no cash cost. Each unit represents one share of Common Stock - Voting and vests in full on 02/15/2027, then is settled in an equal number of McCormick shares.
What are the phantom stock units reported by Jacques Tapiero at McCormick (MKC)?
Each phantom stock unit gives the right to receive one share of McCormick Common Stock - Voting. Tapiero’s phantom stock is payable in shares according to the Non-Qualified Retirement Savings Plan, and is reported as 2,206.082 units held indirectly through that plan.
What options did Jacques Tapiero exercise in McCormick (MKC) stock?
Jacques Tapiero exercised options covering 5,000 shares of McCormick Common Stock - Voting on 02/05/2026. The option carried an exercise price of $67.09 per share, was reported with no purchase price required, and resulted in 5,000 underlying shares delivered and then sold.