McCormick director updates phantom stock holdings
McCormick & Co. director Margaret M. V. Preston reported updated equity holdings, mainly reflecting a dividend reinvestment into phantom stock units.
Rhea-AI Filing Summary
McCormick & Co. director Margaret M. V. Preston reported updated equity holdings, mainly reflecting a dividend reinvestment into phantom stock units. A Non Qualified Retirement Savings Plan credited 276.597 phantom stock units at $50.4000 per unit, bringing that indirect phantom balance to 29,319.365 units tied to voting common stock.
Following these updates, she directly holds 6,235.263 shares of non-voting common stock and 84,364.195 shares of voting common stock. The filing shows no open-market buys or sells, only routine plan and holding entries.
Positive
- None.
Negative
- None.
Insider Trade Summary
Other: 276.597 shares
Other
3 txns
Insider
PRESTON MARGARET M V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Phantom Stock | 276.597 | $50.40 | $14K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 29,319.365 contracts (Indirect, Non Qualified Retirement Savings Plan);
Common Stock - Voting — 84,364.195 shares (Direct);
Common Stock - Non Voting — 6,235.263 shares (Direct)
Footnotes (1)
- F1. Dividend Reinvestment
Key Figures
Phantom stock units acquired: 276.597 units
Phantom stock credit price: $50.4000 per unit
Phantom stock units after transaction: 29,319.365 units
+2 more
5 metrics
Phantom stock units acquired
276.597 units
Dividend reinvestment on phantom stock, transaction code J
Phantom stock credit price
$50.4000 per unit
Price used for dividend reinvestment into phantom stock
Phantom stock units after transaction
29,319.365 units
Non Qualified Retirement Savings Plan balance after reinvestment
Non-voting common stock held
6,235.263 shares
Direct holdings of Common Stock - Non Voting after transaction
Voting common stock held
84,364.195 shares
Direct holdings of Common Stock - Voting after transaction
Key Terms
Phantom Stock, Non Qualified Retirement Savings Plan, Common Stock - Non Voting, Dividend Reinvestment
4 terms
Phantom Stock financial
"Phantom Stock"
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
"nature_of_ownership": "Non Qualified Retirement Savings Plan"
Common Stock - Non Voting financial
"security_title": "Common Stock - Non Voting"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did MKC director Margaret Preston report in this Form 4?
She reported updated holdings, driven by a dividend reinvestment into phantom stock units. The Non Qualified Retirement Savings Plan credited 276.597 phantom stock units at $50.4000 each, plus updated post-transaction balances for both voting and non-voting common stock.
How many McCormick (MKC) phantom stock units does Margaret Preston now hold?
After the reported dividend reinvestment, she holds 29,319.365 phantom stock units. These units are held indirectly through a Non Qualified Retirement Savings Plan and are tied to the value of McCormick’s voting common stock rather than representing actual tradable shares.
Were there any open-market buys or sells by MKC director Margaret Preston?
The filing shows no open-market purchases or sales. Activity consists of a dividend reinvestment into phantom stock and holding entries for common stock, all classified as other or unknown transaction codes rather than typical buy or sell transactions.
What are Margaret Preston’s direct holdings of McCormick (MKC) common stock?
She directly holds 6,235.263 shares of non-voting common stock and 84,364.195 shares of voting common stock. These figures represent her direct equity stake in McCormick separate from phantom stock units held through the retirement savings plan.
What does the dividend reinvestment mean in Margaret Preston’s MKC Form 4?
Dividend reinvestment means cash dividends were automatically used to acquire additional phantom stock units. In this case, 276.597 new phantom units were credited at $50.4000 each within a Non Qualified Retirement Savings Plan, increasing her plan-based exposure to McCormick’s stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
