McCormick CEO awarded 48 phantom stock units
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Foley Brendan M reported acquisition or exercise transactions in this Form 4 filing.
MCCORMICK & CO INC Chairman, President & CEO Brendan M. Foley reported a compensation-related award of phantom stock rather than an open-market trade. He received 48.225 units of Phantom Stock at $51.98 per unit under a Non-Qualified Retirement Savings Plan, each unit representing one share of Common Stock - Voting.
After this award, Foley’s plan account holds 13,779.888 phantom stock units linked to Common Stock - Voting. Separately, his direct holdings total 130,056.016 shares of Common Stock - Voting and 1,383.460 shares of Common Stock - Non Voting. The filing also includes two entries that simply restate his direct share holdings without indicating new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 48.225 | $51.98 | $3K |
| holding | Common Stock - Voting | -- | -- | -- |
| holding | Common Stock - Non Voting | -- | -- | -- |
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
Key Terms
Phantom Stock financial
Non-Qualified Retirement Savings Plan financial
Common Stock - Voting financial
Common Stock - Non Voting financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MKC CEO Brendan Foley report on this Form 4?
What is phantom stock in the context of McCormick (MKC)?
How many phantom stock units does the MKC CEO hold after this award?
Did the MKC CEO buy or sell common stock in the market in this filing?
How is the Non-Qualified Retirement Savings Plan used in this MKC Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.