Director Jacques Tapiero trims McCormick (NYSE: MKC) stake by 5,000 shares
Filing Impact
Filing Sentiment
Form Type
4
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
Net Seller: 5,000 shares ($319,250)
Net Sell
5 txns
Insider
Tapiero Jacques
Role
Director
Sold
5,000 shs ($319K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Options - Right to Buy | 5,000 | $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 | -- | -- | -- |
Holdings After Transaction:
Options - Right to Buy — 5,000 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.
FAQ
What insider transaction did Jacques Tapiero report at McCormick (MKC)?
Jacques Tapiero reported exercising options for 5,000 McCormick voting common shares and selling 5,000 shares on February 3, 2026. The filing shows this activity as a director-level insider transaction under Section 16 reporting rules for McCormick & Co.
What options did Jacques Tapiero exercise in his McCormick (MKC) Form 4 filing?
Tapiero exercised options covering 5,000 shares of McCormick voting common stock on February 3, 2026, at an option exercise price of $63.85. The filing notes the option was exercised with no purchase price required, consistent with the disclosed footnote explaining the transaction.
What is the phantom stock position mentioned in Jacques Tapiero’s McCormick (MKC) filing?
The filing explains each phantom stock share represents a right to receive one McCormick voting common share under a Non-Qualified Retirement Savings Plan. After the reported activity, the phantom stock line shows zero shares, indicating no remaining phantom units in that plan account.
What is Jacques Tapiero’s role at McCormick (MKC) in this Form 4?
In the Form 4, Jacques Tapiero is identified as a director of McCormick & Co. The report is filed as a single reporting person form, reflecting his personal insider transactions in McCormick’s voting and non-voting common stock and related derivative securities.