McCormick director Tapiero sells 5,000 shares
McCormick & Co. director Jacques Tapiero reported a same-day option exercise and share sale.
Rhea-AI Filing Summary
McCormick & Co. director Jacques Tapiero reported a same-day option exercise and share sale. On February 3, 2026, he acquired 5,000 shares of McCormick voting common stock and then sold 5,000 shares at $63.85 per share. After these transactions, he directly held 31,596.054 shares of voting common stock and 2,620 shares of non-voting common stock. A phantom stock position tied to the Non-Qualified Retirement Savings Plan now shows 0 shares, reflecting that these rights are payable in voting common stock under the plan’s terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options - Right to Buy | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock - Voting | 5,000 | $49.96 | $250K |
| Sale | Common Stock - Voting | 5,000 | $63.85 | $319K |
| holding | Phantom Stock | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
Footnotes (2)
- 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.
- F2. Option exercised; no purchase price required.
FAQ
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What insider transaction did Jacques Tapiero report at McCormick (MKC)?
What options did Jacques Tapiero exercise in his McCormick (MKC) Form 4 filing?
What is the phantom stock position mentioned in Jacques Tapiero’s McCormick (MKC) filing?
What is Jacques Tapiero’s role at McCormick (MKC) in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.