McCormick & Co (NYSE: MKC) CEO granted 49.19 phantom units
Rhea-AI Filing Summary
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
McCormick & Co Inc CEO Brendan M. Foley received a grant of 49.19 shares of Phantom Stock on 2026-07-30 at $50.96 per share, credited to a Non Qualified Retirement Savings Plan. Each phantom share represents the right to receive one share of Common Stock - Voting. After the award, he indirectly holds 14,267.457 phantom shares and directly holds 130,344.016 voting and 1,754 non-voting common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Foley Brendan M
Role
Chairman, President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F1 | 49.19 | $50.96 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 14,267.457 shares (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 130,344.016 shares (Direct);
Common Stock - Non Voting — 1,754 shares (Direct)
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.
Key Figures
Phantom stock grant: 49.1900 shares
Grant price: $50.9600 per share
Phantom stock holdings: 14267.4570 shares
+2 more
5 metrics
Phantom stock grant
49.1900 shares
Phantom Stock awarded on 2026-07-30
Grant price
$50.9600 per share
Value assigned to Phantom Stock grant
Phantom stock holdings
14267.4570 shares
Total Phantom Stock units following transaction
Common Stock - Voting holdings
130344.0160 shares
Direct voting common stock position as of 2026-07-30
Common Stock - Non Voting holdings
1754.0000 shares
Direct non-voting common stock position as of 2026-07-30
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Non Voting
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
"in accordance with the terms of the Non-Qualified Retirement Savings Plan"
Common Stock - Non Voting financial
"Common Stock - Non Voting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Brendan Foley report in McCormick (MKC)'s latest Form 4?
Brendan Foley reported a grant of 49.19 Phantom Stock shares for McCormick (MKC) on 2026-07-30 at $50.96 per share. The units are credited to a Non Qualified Retirement Savings Plan and mirror the value of Common Stock - Voting.
How many phantom stock units did MKC CEO Brendan Foley receive?
He received 49.19 shares of Phantom Stock tied to McCormick (MKC). Each phantom share represents the right to receive one share of Common Stock - Voting, payable in stock under the Non-Qualified Retirement Savings Plan.
What are Brendan Foley's total McCormick (MKC) common stock holdings after this transaction?
After the award, Foley directly holds 130,344.016 shares of Common Stock - Voting and 1,754 shares of Common Stock - Non Voting. He also has 14,267.457 Phantom Stock units credited to a retirement savings plan.
What is Phantom Stock in McCormick (MKC)'s compensation plans?
For McCormick (MKC), Phantom Stock represents a right to receive common shares rather than current stock ownership. Each phantom share is payable in one share of Common Stock - Voting under the company’s Non-Qualified Retirement Savings Plan.
Is Brendan Foley's McCormick (MKC) Form 4 transaction under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as adopted, and the footnotes do not reference any trading plan. The reported activity is a grant of Phantom Stock units, not an open-market trade.
How is Brendan Foley's phantom stock in McCormick (MKC) held?
Foley’s Phantom Stock units are held indirectly through a Non Qualified Retirement Savings Plan. The plan provides that phantom shares are settled in shares of Common Stock - Voting in accordance with its terms.